text: **REPUBLIC SERVICES, INC. AND SUBSIDIARIES**
  
  **NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**
  **(All tables in millions, except per share data) Ì (Continued)**
  
  **7. STOCKHOLDERS' EQUITY**
  
  During 2000 through 2004, the Board of Directors authorized the repurchase of up to $1,025.0 million of 
  the Company's Common Stock. As of December 31, 2004, the Company had paid $750.4 million to 
  repurchase 35.2 million shares of its common stock, of which 9.6 million shares were acquired during the year 
  ended December 31, 2004 for $266.1 million. 
  
  In July 2003, the Company announced that its board of directors initiated a quarterly cash dividend of 
  $.06 per share, which was increased to $.12 per share in the third quarter of 2004. Dividends declared were 
  $54.6 million and $19.0 million during 2004 and 2003, respectively. As of December 31, 2004, the Company 
  recorded a dividend payable of approximately $18.1 million to shareholders of record at the close of business 
  on January 3, 2005. 