Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Stockholders’ Equity

On January 30, 2019, CSC publicly announced that its Board of Directors authorized a share repurchase program to repurchase up to $4.0 billion of common stock. The share repurchase authorization does not have an expiration date. There were no repurchases of CSC’s common stock under this authorization during the three months ended March 31, 2020 and 2019.

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



			Liquidation Preference Per Share							Dividend Rate in Effect at March 31, 2020		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
	March 31, 2020 ⁽¹⁾	December 31, 2019 ⁽¹⁾			March 31, 2020		December 31, 2019		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 March 31,
	2020				2019
	Total Declared		Per Share Amount		Total Declared		Per Share Amount
Series A	$	—	$	—	$	—	$	—
Series C	9.0		15.00		9.0		15.00
Series D	11.2		14.88		11.2		14.88
Series E	13.9		2,312.50		13.9		2,312.50
Series F	—		—		—		—
Total	$	34.1			$	34.1