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Shareholders' Equity
3 Months Ended
Oct. 31, 2020
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
Share Repurchases
The Company’s Board of Directors has authorized the repurchase of up to 13.0 million shares of common stock under the Company’s stock repurchase plan. This repurchase authorization is effective until terminated by the Board of Directors. During the three months ended October 31, 2020, the Company repurchased 321,588 shares. As of October 31, 2020, the Company had remaining authorization to repurchase 10.4 million shares under this plan.
Dividends Paid and Declared
Dividends paid were 21.0 cents per common share for the three months ended October 31, 2020 and 2019.
On November 20, 2020, the Company’s Board of Directors declared a cash dividend in the amount of 21.0 cents per common share, payable December 22, 2020, to shareholders of record as of December 7, 2020.