Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Stockholders’ Equity

Shareholder Return Plan

In February of 2021, the Company’s Board of Directors approved a three-year, $375 million shareholder return plan (the “Plan”), supporting increased stock repurchases and growth in the Company’s cash dividend. The Plan replaces the Company’s previous $60 million stock repurchase program, which was terminated, with funds totaling $49.6 million remaining that were unused. In May 2021, the Company entered into the Merger Agreement, which includes covenants restricting the Company’s ability to repurchase stock but allows for future dividend payments.

Dividends

The Board of Directors approved the following cash dividends in 2021 (in millions, except per share data):

Declaration Date

Dividend Per Share

Record Date

Cash Payment Amount

Payment Date

March 1, 2021

$0.13

March 15, 2021

$6.2

March 26, 2021

May 5, 2021

$0.13

May 21, 2021

$5.9

June 25, 2021

August 4, 2021

$0.13

August 20, 2021

N/A(1)

September 24, 2021

___________________________________________

(1) Amount will be determined based on common stock outstanding as of the record date.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Core-Mark Holding Company, Inc. 10-Q