Note 5—Equity

Dividends

The Company’s current quarterly dividend rate is $0.57 per share, compared to $0.50 per share in the second quarter of 2018. On January 24, 2019, the Board of Directors declared a quarterly dividend in the amount of $0.57 per share, which was paid on February 22, 2019.

Stock Repurchase Programs

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



	Shares Repurchased (000's)	Average Price per Share		Total Cost
Second quarter of 2019	561	$	208.72	$	117
First half of 2019	711	$	213.08	$	151

Second quarter of 2018	313	$	187.70	$	59
First half of 2018	1,047	$	170.06	$	178

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 $2,276 at February 17, 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.