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Cash Dividends | 6 Months Ended
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Jun. 30, 2016
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Cash Dividends | 12. Cash Dividends On May 19, 2016, the Company’s Board of Directors approved a cash dividend of $0.05 per share. The cash dividend was paid on June 24, 2016, to each stockholder of record on June 10, 2016. Cash dividends were $19 million and $192 million for the three and six months ended June 30, 2016, and $178 million and $363 million for the three and six months ended June 30, 2015, respectively. The declaration and payment of future dividends is at the discretion of the Company’s Board of Directors and will be dependent upon the Company’s results of operations, financial condition, capital requirements and other factors deemed relevant by the Company’s Board of Directors.

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