Note 5—Equity

Dividends

The Company’s current quarterly dividend rate is $0.65 per share, compared to $0.57 in the third quarter of 2018. On April 26, 2019, the Board of Directors declared a quarterly dividend in the amount of $0.65 per share, which was paid on May 24, 2019.

Stock Repurchase Programs

Stock repurchase activity during the third quarter and first thirty-six weeks of 2019 and 2018 is summarized below:



	Shares Repurchased (000's)	Average Price per Share		Total Cost
Third quarter of 2019	192	$	226.57	$	44
First thirty-six weeks 2019	903	$	215.94	$	195

Third quarter of 2018	290	$	189.66	$	55
First thirty-six weeks 2018	1,337	$	174.30	$	233

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. On April 26, 2019, the Board of Directors authorized a new share repurchase program in the amount of $4,000, which expires in April 2023. This authorization revoked previously authorized but unused amounts, totaling $2,237. The remaining amount available for stock repurchases under the approved plan was $3,995 at May 12, 2019. 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.