As many of you know that have been investors of the company, this program has spent about $500 million or brought in about 28 million shares during that 3-year period of time at a cost basis of about $17.91. So we’ve had great success with that program, but again as we get towards the end of 2011 we knew that was going to run its course. So this led to the announcement which we did yesterday, our new dividend policy.So as you saw in our press release, we’re intending to pay a cash quarterly dividend of about $0.20 per share or annually about $0.80, and we’re expecting to pay our first dividend in June of this year.
Corrections Corporation Of America's CEO Hosts Dividend Initiation Conference (Transcript)
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