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Share Repurchase Programs and Dividends
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Share Repurchase Programs and Dividends
Share Repurchase Programs and Dividends
Since July 2014, our Board of Directors has approved six share repurchase programs aggregating $11.0 billion of authority. As of March 31, 2018, there was no remaining authority to repurchase shares under our share repurchase programs.
During the three months ended March 31, 2018, we repurchased 8.4 million shares of AAG common stock for $450 million at a weighted average cost per share of $53.32. Since the inception of our share repurchase programs in July 2014, we have repurchased 270.7 million shares of AAG common stock for $11.0 billion at a weighted average cost per share of $40.63.
Our Board of Directors declared a cash dividend of $0.10 per share for stockholders of record as of February 6, 2018 and paid on February 20, 2018, totaling $48 million in the first three months of 2018.