Shareholders' Equity

6 Months Ended

Jan. 31, 2022

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Stockholders’ Equity

Share Repurchases

The Company’s Board of Directors has authorized the repurchase of up to 13.0 million shares of common stock under the Company’s stock repurchase plan. This repurchase authorization is effective until terminated by the Board of Directors. During the six months ended January 31, 2022, the Company repurchased 1.8 million shares for $115.6 million. As of January 31, 2022, the Company had remaining authorization to repurchase 6.5 million shares under this plan.

Dividends Paid

Dividends paid were 22.0 cents and 44.0 cents per share for the three and six months ended January 31, 2022, respectively, and were 21.0 cents and 42.0 cents for the three and six months ended January 31, 2021, respectively.