Seagate 2011 Annual Report Download - page 45
Download and view the complete annual report
Please find page 45 of the 2011 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
 |
 |
Table of Contents
Dividends
Our ability to pay dividends in the future will be subject to, among other things, general business conditions within the disk drive industry,
our financial results, the impact of paying dividends on our credit ratings and legal and contractual restrictions on the payment of dividends by
our subsidiaries to us or by us to our ordinary shareholders, including restrictions imposed by covenants in our debt instruments.
In fiscal year 2011, we reinstated our dividend policy. The following were dividends paid in the last two fiscal years:
From the closing of our initial public offering in December 2002 through 2012, we have paid dividends, pursuant to our dividend policy
then in effect, totaling approximately $1.4 billion in the aggregate.
Repurchases of Our Equity Securities
On January 27, 2010, our Board of Directors authorized an Anti-Dilution Share Repurchase Program, which was publicly announced on
February 1, 2010. The repurchase program authorized us to repurchase our shares to offset increases in diluted shares, such as those caused by
employee stock plans and convertible debt, used in the determination of diluted net income per share. There was no minimum or maximum
number of shares to be repurchased under the program. The Board of Directors authorized the Company to terminate the January 2010 Anti-
Dilution Share Repurchase Program, which was so terminated effective April 26, 2012.
On November 29, 2010, our Board of Directors authorized the repurchase of up to an additional $2 billion of our outstanding ordinary
shares.
On January 25, 2012, our Board of Directors authorized the repurchase of up to an additional $1 billion of our outstanding ordinary shares.
On April 26, 2012, the Board of Directors authorized the Company to repurchase an additional $2.5 billion of its outstanding ordinary
shares.
All repurchases are effected as redemptions in accordance with the Company's Articles of Association.
41
Record Date
Paid Date
Dividend
per Share
May 2, 2011
June 1, 2011
$
0.18
August 5, 2011
August 26, 2011
$
0.18
November 3,
2011
November 18,
2011
$
0.18
February 15,
2012
March 1, 2012
$
0.25
May 2, 2012
May 17, 2012
$
0.25