Seagate 2013 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 on 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 2014, we have paid dividends, pursuant to our dividend policy
then in effect, totaling approximately $2.5 billion in the aggregate.
Repurchases of Our Equity Securities
All repurchases are effected as redemptions in accordance with the Company's Articles of Association. There is no expiration date on this
authorization.
On July 24, 2013, the Board of Directors authorized the Company to repurchase $2.5 billion of its outstanding ordinary shares. As of
June 27, 2014, $1.5 billion remained available for repurchase under the existing repurchase authorization limit.
The following table sets forth information with respect to all repurchases of our shares made during the fiscal year ended June 27, 2014:
40
Record Date
Paid Date
Dividend
per Share
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
August 7, 2013
August 21, 2013
$
0.38
November 12, 2013
November 26, 2013
$
0.43
February 10, 2014
February 24, 2014
$
0.43
May 14, 2014
May 28, 2014
$
0.43
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
2014
40.5
$
46.57
40.5
$
1,886
$
1,517
March 29, 2014
through
April 25,
2014
—
—
—
—
1,517
April 26, 2014
through
May 23,
2014
0.5
49.60
0.5
26
1,491
May 24, 2014
through
June 27,
2014
—
—
—
—
1,491
1
1
1
1
1
1
1
1
1
1
1
1
Through
4th Quarter of
Fiscal Year
2014
41.0
$
46.63
41.0
$
1,912
$
1,491
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1