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Subsequent Events
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12 Months Ended |
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Jun. 30, 2014
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| Subsequent Events [Abstract] | |
| Subsequent Events |
SUBSEQUENT EVENTS
On July 8, 2014, the Company announced that its Board of Directors had authorized a further increase in the level of the Company's quarterly dividend from $0.45 to $0.50 per share. On August 7, 2014, the Company declared a quarterly cash dividend of $0.50 per share on the outstanding shares of the Company's common stock, to be paid on September 2, 2014 to stockholders of record as of the close of business on August 18, 2014. Additionally, on July 8, 2014, the Company announced that its Board of Directors had also approved an increase in the Company's share repurchase program for up to 13 million additional shares of the Company's common stock. This increase is in addition to the prior repurchase authorizations under which approximately 2 million shares remained available for repurchase as of June 30, 2014.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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