DIVIDENDS PER SHARE

6 Months Ended

Jun. 30, 2017

DIVIDENDS PER SHARE [Abstract]

DIVIDENDS PER SHARE

3. DIVIDENDS PER SHARE

In February and May 2017, the Company's board of directors declared a quarterly cash dividend of $0.36 per share.  These quarterly cash dividends of $19.0 million and $19.1 million were paid on March 15, 2017 and June 14, 2017 to stockholders of record on February 27, 2017 and May 26, 2017.  In July 2017, the Company's board of directors declared a quarterly cash dividend of $0.36 per share to be paid on September 13, 2017 to stockholders of record on August 25, 2017.