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Dividend
12 Months Ended
Nov. 26, 2017
Dividends [Abstract]  
DIVIDEND
DIVIDEND
The Company paid cash dividends totaling $70 million on our common stock in two $35 million installments in the second and fourth quarters of 2017, and cash dividends of $60 million and $50 million in the second quarter of 2016 and 2015, respectively. Subsequent to the Company's year end, the Company's Board of Directors declared a cash dividend of $90 million, payable in two $45 million installments. The Company expects to pay the first installment in the first quarter of 2018 and the second installment in the fourth quarter of 2018.
The Company does not have an established annual dividend policy. The Company will continue to review its ability to pay cash dividends at least annually, and dividends may be declared at the discretion of the Board depending upon, among other factors, the Company's financial condition and compliance with the terms of the Company's debt agreements.