Shareholders' Equity

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Shareholders' Equity

SHAREHOLDERS’ EQUITY

Dividends – Generally, our dividend date-of-record is in the last month of the quarter and the dividend is paid the following month. Dividends per share were $0.76 for the years ending December 31, 2019, 2018 and 2017.

Share Repurchase Program – On November 13, 2014, our Board of Directors approved a $500.0 million share repurchase authorization. Our share repurchase program does not have an expiration date, and we reserve the right to limit or terminate the repurchase program at any time without notice.

We repurchased 324,889 shares of our outstanding common stock for $15.0 million during the year ended December 31, 2019. We had no repurchases of shares of our outstanding common stock for the years ended December 31, 2018 and 2017. As of December 31, 2019, we have $145.7 million of remaining capacity under our current share repurchase program.