Stockholders' Equity

12 Months Ended

Sep. 30, 2016

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

The Company has an automatically effective universal shelf registration statement, filed with the SEC in August 2015, registering debt and equity securities that it may issue from time to time in amounts to be determined. At September 30, 2016, the Company had 380,123,258 shares of common stock issued and 372,923,187 shares outstanding. No shares of preferred stock were issued or outstanding.

Effective August 1, 2016, the Board of Directors authorized the repurchase of up to $100 million of the Company’s common stock effective through July 31, 2017. All of the $100 million authorization was remaining at September 30, 2016, and no common stock has been repurchased subsequent to September 30, 2016.

The Board of Directors approved and paid quarterly cash dividends of $0.08 per common share and $0.0625 per common share in fiscal 2016 and 2015, respectively. In November 2016, the Board of Directors approved a cash dividend of $0.10 per common share, payable on December 12, 2016, to stockholders of record on November 28, 2016.