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Cash Dividends | 6 Months Ended
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Jun. 30, 2018
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Cash Dividends |
12. | Cash Dividends
On May 11, 2018, the Company’s Board of Directors approved a cash dividend of $0.05 per share. The cash dividend was paid on June 29, 2018, to each stockholder of record on June 15, 2018. Cash dividends were $19 million and $38 million for the three and six months ended June 30, 2018, respectively, and $19 million and $38 million for the three and six months ended June 30, 2017. 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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