Note 6 - Capital Stock

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

6. Capital Stock

On April 20, 2017, our Board of Directors authorized the purchase of up to $500 million of our common stock. On January 22, 2020, our Board of Directors authorized an additional purchase of up to $500 million of our common stock. At March 31, 2020, $520 million of the combined authorization was remaining. We purchased approximately 800,000 shares, or $75 million, of our common stock under our repurchase authorization during the three months ended March 31, 2020. On January 22, 2020, we announced an increase in our quarterly cash dividend from $0.26 to $0.27, which was paid February 21, 2020, to stockholders of record on February 7, 2020. On April 23, 2020, our Board of Directors declared a regular quarterly dividend of $0.27 per common share, which will be paid on May 22, 2020, to stockholders of record on May 8, 2020.