Table:
| Years ended August 31, | 2019 | 2018 |
| --- | --- | --- |
| (In thousands of Canadian dollars) | $ | $ |
| Dividends on multiple voting shares | 32,951 | 29,813 |
| Dividends on subordinate voting shares | 70,757 | 63,886 |
|  | 103,708 | 93,699 |
Paragraphs:
C) DIVIDENDS
For the year ended August 31, 2019, quarterly eligible dividends of $0.525 per share, for a total of $2.10 per share or $103.7 million, were paid to the holders of multiple and subordinate voting shares, compared to quarterly eligible dividends of $0.475 per share, for a total of $1.90 per share or $93.7 million for the year ended August 31, 2018.
At its October 30, 2019 meeting, the Board of Directors of Cogeco Communications declared a quarterly eligible dividend of $0.58 per share for multiple voting and subordinate voting shares, payable on November 27, 2019 to shareholders of record on November 13, 2019.
Question:
What was the average Dividends on subordinate voting shares from 2018 to 2019?
Answer: (70757 + 63886) / 2 = 67321.5