Stockholders' equity	6 Months Ended
Jun. 30, 2019
Stockholders' Equity Note
Stockholders' Equity	Note 18 – Stockholders’ equity As of June 30, 2019, stockholder’s equity totaled $5.7 billion. During the six months ended June 30, 2019, the Corporation declared cash dividends on its common stock of $ 58.0 million (June 30, 2018 - $51.1 million). The quarterly dividend declared to shareholders of record as of the close of business on May 7, 2019, which amounted to $29.0 million, was paid on July 1, 2019. Dividends per share declared for the quarter and six months ended June 30, 2019 were $0.30 and $0.60, respectively (2018 - $0.25 and $0.50, respectively). On February 28, 2019, the Corporation entered into a $250 million accelerated share repurchase (“ASR”) transaction with respect to its common stock, which was accounted for as a treasury stock transaction. As a result of the receipt of the initial shares, the Corporation recognized in shareholders’ equity approximately $200 million in treasury stock and $50 million as a reduction in capital surplus. The Corporation expects to further adjust its treasury stock and capital surplus accounts to reflect the delivery or receipt of cash or shares upon the termination of the ASR agreement, which will depend on the average price of the Corporation’s shares during the term of the ASR.

Stockholders' equity

6 Months Ended

Jun. 30, 2019

Note 18 – Stockholders’ equity

As of June 30, 2019, stockholder’s equity totaled $5.7 billion. During the six months ended June 30, 2019, the Corporation declared cash dividends on its common stock of $ 58.0 million (June 30, 2018 - $51.1 million).

The quarterly dividend declared to shareholders of record as of the close of business on May 7, 2019, which amounted to $29.0 million, was paid on July 1, 2019.

Dividends per share declared for the quarter and six months ended June 30, 2019 were $0.30 and $0.60, respectively (2018 - $0.25 and $0.50, respectively).

On February 28, 2019, the Corporation entered into a $250 million accelerated share repurchase (“ASR”) transaction with respect to its common stock, which was accounted for as a treasury stock transaction. As a result of the receipt of the initial shares, the Corporation recognized in shareholders’ equity approximately $200 million in treasury stock and $50 million as a reduction in capital surplus. The Corporation expects to further adjust its treasury stock and capital surplus accounts to reflect the delivery or receipt of cash or shares upon the termination of the ASR agreement, which will depend on the average price of the Corporation’s shares during the term of the ASR.