Note 6 - Capital Stock

9 Months Ended

Sep. 30, 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 September 30, 2020, $520 million of this combined authorization was remaining. We purchased approximately 800,000 shares, or $75 million, of our common stock under our repurchase authorization during the nine months ended September 30, 2020, none of which occurred in third quarter 2020. On July 22, 2020, our Board of Directors declared a regular quarterly cash dividend of $0.27, which was paid August 21, 2020, to stockholders of record on August 7, 2020. On October 22, 2020, our Board of Directors declared a regular quarterly dividend of $0.27 per common share, which will be paid on November 20, 2020, to stockholders of record on November 6, 2020.