Seagate 2012 Annual Report Download - page 43
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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.
The following were dividends paid in the last two fiscal years:
From the closing of our initial public offering in December 2002 through 2013, we have paid dividends, pursuant to our dividend policy
then in effect, totaling approximately $1.9 billion in the aggregate.
Repurchases of Our Equity Securities
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.
The following table sets forth information with respect to all repurchases of our shares made during fiscal quarter ended June 28, 2013:
Record Date
Paid Date
Dividend
per Share
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
August 5, 2012
August 26, 2012
$
0.32
November 14, 2012
November 29, 2012
$
0.32
December 14, 2012
December 28, 2012
$
0.38
May 15, 2013
May 29, 2013
$
0.38
Period
Total
Number of
Shares
Purchased
Average Price
Paid per
Share
Total Number of
Shares
Purchased
as Part of
Publicly
Announced Plans
or Programs
Approximate
Dollar Value of
Shares
Purchased Under
the Plans or
Programs
Approximate
Dollar Value of
Shares that May
Yet Be
Purchased Under
the Plans or
Programs
(In millions, except
average price paid per
share)
1st Quarter
through
3rd Quarter of
Fiscal Year
2013
53.5
$
30.13
53.5
$
1,612
$
945
March 30, 2013
through
April 26,
2013
—
—
—
—
945
April 27, 2013
through
May 24,
2013
—
—
—
—
945
May 25, 2013
through
June 28,
2013
1.0
42.00
1.0
42
903
Through
4th Quarter of
Fiscal Year
2013
54.5
$
30.35
54.5
$
1,654
$
903