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Equity
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Equity Equity
The decrease in common stock during the six months ended June 30, 2019, was primarily due to the repurchases of 7.8 million shares, partially offset by the issuance of 3.3 million shares of the Company’s common stock under the Company’s stock-based compensation plans. The total net decrease was 4.5 million shares.

The Company announced a $0.005 (1/2 cent) per share increase in its quarterly cash dividend rate during the first quarter of 2019. As such, the Company recorded a cash dividend of $0.115 during the second quarter of 2019 as compared to a cash dividend of $0.110 per share during the second quarter of 2018. The second quarter 2019 dividend of $29.3 million was declared on June 11, 2019, and was paid on July 24, 2019.