Stockholders' Equity |
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| Stockholders' Equity | Stockholders' Equity a. Share Repurchase Programs The Company's board of directors has authorized share repurchase programs, including a share repurchase program for up to $3.0 billion of the Company's Common Stock which was authorized in April 2026. 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 under its share repurchase programs and the cost of such shares, which were recorded as Treasury Stock.
As of June 30, 2026, $2.534 billion remained available for share repurchases under the Company's share repurchase programs. b. Dividends In each of the first and second quarters of 2026, the Company's board of directors declared a quarterly cash dividend of $0.94 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 2026, the Company's board of directors declared a cash dividend of $0.94 per share on its Common Stock and Class A Stock. The dividend will be payable to the Company's shareholders in August 2026.
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