Note 5—Equity

Dividends

The Company’s current quarterly dividend rate is $0.57 per share, compared to $0.50 per share in the first quarter of 2018. On October 24, 2018, the Board of Directors declared a quarterly dividend in the amount of $0.57 per share, which was paid on November 23, 2018.

Stock Repurchase Programs

Stock repurchase activity during the first quarter of 2019 and 2018 is summarized below:



	Shares Repurchased (000's)	Average Price per Share		Total Cost
First quarter of 2019	150	$	229.35	$	34

First quarter of 2018	734	$	162.51	$	119

These amounts may differ from the stock repurchase balances in the accompanying condensed consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of a quarter. The remaining amount available for stock repurchases under our approved plan, which expires in April 2019, was $2,393 at November 25, 2018. Purchases are made from time-to-time, as conditions warrant, in the open market or in block purchases and pursuant to plans under SEC Rule 10b5-1.