Shareholders' Equity

3 Months Ended

Mar. 31, 2020

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. Any subsequent dividends will be reviewed by our Board of Directors and declared in its discretion.

Dividends declared per share were as follows:

	Three Months Ended March 31,
	2020		2019
Dividends declared per share	$	0.20	$	0.19

Share Repurchase Program – In 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 1,057,115 shares of our outstanding common stock for $32.1 million during the three months ended March 31, 2020, compared to no repurchases of shares for the same period in 2019. As of March 31, 2020, we had $113.6 million of remaining capacity under our current share repurchase program.