3 unchanged sentences
We initiated quarterly dividend payments to our shareholders in the second quarter of 2004 and we have continued payments in each subsequent quarter.
−Removed: Our Board has increased the dividend amount eighteen times, including in the fourth quarter of 2004, annually in the second quarters of 2005 through 2008 and in the second quarters of 2011 through 2023.
+Added: Our Board has increased the dividend amount nineteen times, most recently in the second quarters of 2011 through 2024.
Our Board may declare future dividends at its discretion, after considering various factors, including our earnings, capital requirements, financial position, contractual restrictions and other relevant business considerations.
For a description of restrictions on dividends in our Credit Facility, Term Facility and Receivables Facility, see Note 5 of “Notes to Consolidated Financial Statements,” included in Item 8 of this Form 10-K.
−Removed: We cannot assure shareholders or potential investors that dividends will be declared or paid any time in the future.
+Added: We cannot assure shareholders or potential investors that dividends will be declared or paid any time in the future if our Board determines that there is a better use of our funds.
Stock Performance Graph
26 unchanged sentences
There were 125 shares surrendered for this purpose in the fourth quarter of 2024.
−Removed: (2) In May 2023, our Board authorized an additional $413.6 million under our share repurchase program for the repurchase of shares of our common stock in the open market at prevailing market prices bringing the total authorization available under the program to $600.0 million.
−Removed: As of February 20, 2024, $344.1 million of the authorized amount remained available for use under our current share repurchase program.
+Added: (2) In May 2024, our Board approved an additional $316.2 million under our share repurchase program for the repurchase of shares of our common stock on the open market at prevailing market prices bringing the total authorization available under the program to $600.0 million.
+Added: As of February 20, 2025, $336.8 million remained available for use under our current share repurchase program.
Unregistered Sales of Equity Securities
2 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.