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Stockholders' equity
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note  
Stockholders' Equity
Note 17 – Stockholders’ equity
As of June 30, 2025, stockholders’ equity totaled $
6.0
 
billion. During the six months ended June 30, 2025, the Corporation declared
cash dividends of $
1.40
 
(2024 - $
1.24
) per common share amounting to
 
$
96.2
 
million (2024 - $
89.7
 
million). The quarterly dividend
of $
0.70
 
per share declared to stockholders of record as
 
of the close of business on
May 29, 2025
 
was paid on
July 1, 2025
.
During
 
the
 
quarter
 
ended
 
June
 
30,
 
2025,
 
the
 
Corporation
 
completed
 
the
 
repurchase
 
of
1,136,390
 
shares
 
of
 
common
 
stock
 
for
$
112.0
 
million at an
 
average price of $
98.54
 
per share. As
 
of June 30, 2025,
 
a total of
 
$
451.5
 
million has been repurchased
 
under
the common stock repurchase program of up
 
to $
500
 
million announced by the Corporation on July
 
24, 2024.
On July 16, 2025, the Corporation announced the following actions as part of its capital plan: (i) an increase in
 
its quarterly common
stock dividend from $
0.70
 
per share to $
0.75
 
per share, beginning with the dividend payable in the fourth quarter of 2025, subject to
approval by its Board of Directors, and (ii) a new
 
common stock repurchase program of up to $
500
 
million.