Seagate 2015 Annual Report Download - page 43
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Dividends
Ourabilitytopaydividendsinthefuturewillbesubjectto,amongotherthings,generalbusinessconditionswithinthediskdriveindustry,ourfinancial
results,theimpactofpayingdividendsonourcreditratingsandlegalandcontractualrestrictionsonthepaymentofdividendsbyoursubsidiariestousorbyusto
ourordinaryshareholders,includingrestrictionsimposedbycovenantsonourdebtinstruments.
Thefollowingweredividendspaidinthelasttwofiscalyears:
RecordDate PaidDate
Dividend
perShare
August8,2014 August22,2014 $ 0.43
November11,2014 November25,2014 $ 0.54
February10,2015 February24,2015 $ 0.54
May1,2015 May15,2015 $ 0.54
August11,2015 August25,2015 $ 0.54
November6,2015 November20,2015 $ 0.63
February9,2016 February23,2016 $ 0.63
May10,2016 May24,2016 $ 0.63
September21,
2016 October5,2016 $ 0.63
FromtheclosingofourinitialpublicofferinginDecember2002through2016,wehavepaiddividends,pursuanttoourdividendpolicythenineffect,totaling
approximately$3.8billionintheaggregate.
RepurchasesofOurEquitySecurities
OnJuly24,2013,theBoardofDirectorsauthorizedtheCompanytorepurchase$2.5billionofitsoutstandingordinaryshares.OnApril22,2015theBoardof
Directorsauthorizedthecompanytorepurchaseanadditional$2.5billionofitsoutstandingordinaryshares.AsofJuly1,2016,$1.8billionremainedavailablefor
repurchaseundertheexistingrepurchaseauthorizationlimits.AllrepurchasesareeffectedasredemptionsinaccordancewiththeCompany'sArticlesof
Association.Thereisnoexpirationdateontheseauthorizations.
ThefollowingtablesetsforthinformationwithrespecttoallrepurchasesofoursharesmadeduringthefiscalyearendedJuly1,2016:
40
Period
Total
Numberof
Shares
Purchased
AveragePrice
Paidper
Share
TotalNumberof
Shares
Purchased
asPartof
Publicly
AnnouncedPlans
orPrograms
Approximate
DollarValueof
Shares
Purchased
Under
thePlansor
Programs
Approximate
DollarValueof
SharesthatMay
YetBe
PurchasedUnder
thePlansor
Programs
(Inmillions,exceptaveragepricepaidpershare)
1stQuarterthrough3rdQuarterofFiscal
Year2016 24 $ 47.49 24 $ 1,145 $ 1,758
April2,2016throughApril29,2016 — 27.49 — — 1,758
April30,2016throughMay27,2016 — 19.41 — — 1,758
May28,2016throughJuly1,2016 — 23.12 — 1 1,757
Through4thQuarterofFiscalYear2016 24 $ 47.45 24 $ 1,146 $ 1,757