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We have historically paid regular quarterly cash dividends on our common stock.
−Removed: In December 2021, the Board of Directors declared an 8% increase in the regular quarterly cash dividend, increasing it from $0.72 per share to $0.78 per share.
−Removed: On October 11, 2022, our Board of Directors declared a cash dividend of $0.78 per share payable on October 31, 2022 to shareholders of record on October 21, 2022.
−Removed: Our Board of Directors presently intends to continue the payment of regular quarterly cash dividends on our common stock.
+Added: On December 13, 2022, our Board of Directors (“Board”) approved a 6% increase in the regular quarterly cash dividend, increasing it from $0.78 per share to $0.83 per share.
+Added: On October 6, 2023, our Board declared a cash dividend of $0.83 per share payable on October 31, 2023 to stockholders of record on October 20, 2023.
+Added: Our Board presently intends to continue the payment of regular quarterly cash dividends on our common stock.
Our ability to pay dividends could be affected by future business performance, liquidity, capital needs, alternative investment opportunities and debt covenants.
Purchases of Equity Securities By the Issuer and Affiliated Purchasers
−Removed: On April 8, 2020, we elected to suspend repurchases under our previously approved share buy-back plan, which subsequently expired on August 31, 2020.
−Removed: We made this election in order to preserve cash while we continued to monitor the long-term impacts of the COVID-19 pandemic.
−Removed: No repurchase transactions were made during fiscal year 2021.
−Removed: On October 12, 2021, our Board of Directors approved a new share buy-back plan.
−Removed: Under the plan, which became effective on November 1, 2021, we are authorized to acquire up to $75.0 million of our outstanding shares through August 31, 2023.
+Added: On October 12, 2021, our Board approved a share buy-back plan (the “2021 Repurchase Plan”).
+Added: Under the 2021 Repurchase Plan, which became effective on November 1, 2021, we were authorized to acquire up to $75.0 million of our outstanding shares through August 31, 2023.
+Added: On June 19, 2023, our Board approved a new share repurchase plan (the “2023 Repurchase Plan”).
+Added: Under the 2023 Repurchase Plan, which became effective on September 1, 2023, we are authorized to acquire up to $50.0 million of our outstanding shares through August 31, 2025.
The timing and amount of repurchases are based on terms and conditions as may be acceptable to our Chief Executive Officer and Chief Financial Officer, subject to present loan covenants and in compliance with all laws and regulations applicable thereto.
3 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.