Stockholders' Equity

9 Months Ended

Sep. 30, 2019

Stockholders’ Equity

On January 30, 2019, CSC publicly announced that its Board of Directors authorized a new Share Repurchase Program to repurchase up to $4.0 billion of common stock. The share repurchase authorization does not have an expiration date. During the third quarter and first nine months of 2019, CSC repurchased 20 million and 49 million shares of its common stock under this authorization for $771 million and $2.0 billion, respectively.

The Company’s preferred stock issued and outstanding is as follows:



			Liquidation Preference Per Share							Dividend Rate in Effect at September 30, 2019		Earliest Redemption Date	Date at Which Dividend Rate Becomes Floating	Floating Annual Rate of Three-Month LIBOR plus:
	Shares Issued and Outstanding (in thousands) at				Carrying Value at
	September 30, 2019 ⁽¹⁾	December 31, 2018 ⁽¹⁾			September 30, 2019		December 31, 2018		Issue Date
Fixed-rate:
Series C	600	600	$	1,000	$	585	$	585	08/03/15	6.000	%	12/01/20	N/A	N/A
Series D	750	750	1,000		728		728		03/07/16	5.950	%	06/01/21	N/A	N/A
Fixed-to-floating-rate:
Series A	400	400	1,000		397		397		01/26/12	7.000	%	02/01/22	02/01/22	4.820	%
Series E	6	6	100,000		591		591		10/31/16	4.625	%	03/01/22	03/01/22	3.315	%
Series F	5	5	100,000		492		492		10/31/17	5.000	%	12/01/27	12/01/27	2.575	%
Total preferred stock	1,761	1,761			$	2,793	$	2,793

⁽¹⁾ Represented by depositary shares, except for Series A.

N/A Not applicable.

Dividends declared on the Company’s preferred stock are as follows:



	Three Months Ended September 30,								Nine Months Ended September 30,
	2019				2018				2019				2018
	Total Declared		Per Share Amount		Total Declared		Per Share Amount		Total Declared		Per Share Amount		Total Declared		Per Share Amount
Series A	$	—	$	—	$	—	$	—	$	14	$	35.00	$	14	$	35.00
Series C	9		15.00		9		15.00		27		45.00		27		45.00
Series D	11		14.88		11		14.88		33		44.64		33		44.64
Series E	14		2,312.50		14		2,312.50		28		4,625.00		28		4,625.00
Series F	—		—		—		—		13		2,500.00		15		2,930.56
Total	$	34			$	34			$	115			$	117