Stockholders' Equity |
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Stockholders' Equity | Stockholders' Equity a. Share Repurchase Programs In January 2023, the Company's board of directors authorized a share repurchase program for up to $3.0 billion of the Company's Common Stock. In each of April 2024 and February 2025, the Company's board of directors authorized share repurchase programs for up to an additional $3.0 billion (up to $6.0 billion in the aggregate). The programs have no time limit and can be discontinued at any time. The table below summarizes the shares of the Company's Common Stock that the Company repurchased and the cost of such shares, which were recorded as Treasury Stock.
As of June 30, 2025, $2.814 billion remained available for share repurchases under the programs. b. Dividends In each of the first and second quarters of 2025, the Company's board of directors declared quarterly cash dividends of $0.88 per share on its Common Stock and Class A Stock. Each quarterly dividend was paid to the Company's shareholders in the quarter in which the dividend was declared. Additionally, in July 2025, the Company's board of directors declared a cash dividend of $0.88 per share on its Common Stock and Class A Stock. The dividend will be payable to the Company's shareholders in September 2025.
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