XML 28 R17.htm IDEA: XBRL DOCUMENT v3.19.2
SHAREHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
SHAREHOLDERS’ EQUITY SHAREHOLDERS’ EQUITY

We repurchase our common stock mainly through open market repurchase plans and, at times, through accelerated share repurchase programs. During the three months ended June 30, 2019 and 2018, we repurchased and retired 513,116 shares and 1,603,248 shares of our common stock at a cost, including commissions, of $72.0 million and $179.9 million, respectively, or $140.32 per share and $112.20 per share. During the six months ended June 30, 2019 and 2018, we repurchased and retired 1,808,398 shares and 1,612,174 shares of our common stock at a cost, including commissions, of $230.0 million and $180.9 million, respectively, or $127.18 per share and $112.19 per share. As of June 30, 2019, we were authorized to repurchase up to $566.0 million of our common stock.

On July 25, 2019, our board of directors declared a dividend of $0.01 per share payable on September 27, 2019 to common shareholders of record as of September 13, 2019.

Upon completion of the proposed Merger, our Articles of Incorporation would be amended to increase the number of authorized shares of Global Payments common stock from 200 million to 400 million.