Stockholders' equity

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note

Stockholders' Equity

Note 18 – Stockholders’ equity

As of June 30, 2018, stockholder’s equity totaled $5.3 billion. During the six months ended June 30,2018, the Corporation declared dividends on its common stock of $ 51.1 million.The quarterly dividend declared to shareholders of record as of the close of business on May 9, 2018, which amounted to $25.6 million, was paid on July 2, 2018.

On July 23, 2018, the Corporation announced that the Corporation’s Board of Directors had authorized a common stock repurchase of up to $125 million. Common stock repurchases may be executed in the open market or in privately negotiated transactions. The timing and exact amount of the share repurchase will be subject to various factors, including the Corporation’s capital position, financial performance and market conditions.