6 unchanged sentences
DIVIDEND POLICY
−Removed: In February of 2019, the OMH Board of Directors (the “Board”) announced a program of quarterly dividends.
+Added: In February of 2019, the Board announced a program of quarterly dividends.
While OMH intends to pay its minimum quarterly dividend, currently $1.00 per share, for the foreseeable future, all subsequent dividends will be reviewed and declared at the discretion of the Board and will depend on many factors, including our financial condition, earnings, cash flows, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends, and other considerations that the Board deems relevant.
2 unchanged sentences
All of OMFC’s common stock is held by OMH.
−Removed: To provide funding for the dividends, mentioned above, OMFC paid dividends to OMH of $1.3 billion and $799 million in 2021 and 2020, respectively.
+Added: To provide funding for the dividends mentioned above, OMFC paid dividends to OMH of $471 million and $1.3 billion in 2022 and 2021, respectively.
Because we are holding companies and have no direct operations, we will only be able to pay dividends from our available cash on hand and any funds we receive from our subsidiaries.
4 unchanged sentences
Period Total Number of
−Removed: Shares Purchased (a) Average Price
−Removed: paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (b) Dollar Value of Shares
+Added: Shares Purchased Average Price
+Added: paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a) Dollar Value of Shares
That May Yet Be Purchased
−Removed: Under the Plans or Programs (b)
+Added: Under the Plans or Programs (a)
October 1 - October 31 659,386 $ 31.85 659,386 $ 761,198,965
2 unchanged sentences
Total 1,621,641 $ 34.94 1,621,641
−Removed: (a) On October 28, 2021, we participated in the October Concurrent Share Buyback, in which we purchased 1,870,000 shares of OMH common stock that were the subject of a secondary public offering by the Selling Stockholder at a purchase price of $53.45 per share, which is equal to the price at which the Underwriter purchased such shares from the Selling Stockholder.
−Removed: The October Concurrent Share Buyback did not reduce our availability under the stock repurchase program.
−Removed: For additional information regarding the October Concurrent Share Buyback, see “Recent Developments and Outlook — August and October Concurrent Share Buybacks” under Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this report.
−Removed: (b) The Board approved a $200 million stock repurchase program, excluding commission and fees, with no stated expiration during the first quarter of 2020.
−Removed: On December 13, 2021, the Board increased the share repurchase authorization to $300 million.
+Added: ( a) On February 2, 2022, the Board authorized a $1 billion stock repurchase program, excluding fees, commissions, and other expenses related to the repurchases.
+Added: The authorization expires on December 31, 2024.
The timing, number and share price of any additional shares repurchased will be determined by OMH based on its evaluation of market conditions and other factors and will be made in accordance with applicable securities laws in either the open market or in privately negotiated transactions.
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.