As you saw in our release, the Board approved our quarterly dividend of $0.10 to consistently deliver money back to our shareholders for a record date on June 10 and payable July 6. The Board and I always explored increasing the dividend actually or looking at a special dividend or a share buyback program. As you guys have seen, we concluded share buyback was the best use of our capital to reward shareholders. We announced the authorization of $300 million share buyback over the next 24 months.
And quite honestly, with where the share price is, it's a great opportunity for us to continue to buy that. But at the same time, we're conscientious of the float. So we're not deploying it all tomorrow, as you can imagine, or today. We're conscientious with the float, but we do have that authorization with the Board, which we do appreciate.
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