Note 5 - Capital Stock

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

5. Capital Stock

On January 22, 2020, our Board of Directors authorized the purchase of up to $500 million of our common stock. On July 20, 2022, our Board of Directors authorized an additional purchase of up to $500 million of our common stock. At September 30, 2022, $551 million of this combined authorization was remaining. We purchased approximately 1,710,000 shares, or $300 million, of our common stock under our repurchase authorization during the nine months ended September 30, 2022, of which 349,000 shares, or $60.7 million, were purchased in third quarter 2022. On July 20, 2022, our Board of Directors declared a regular quarterly dividend of $0.40 per common share, which was paid August 19, 2022, to stockholders of record on August 5, 2022. On October 20, 2022, our Board of Directors declared a regular quarterly dividend of $0.40 per common share, which will be paid on November 18, 2022, to stockholders of record on November 4, 2022.