Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events

Subsequent Events

Note 11—Subsequent Events

Quarterly Dividend

        On April 23, 2013, the Company's Board of Directors approved and declared a $0.66 per share quarterly cash dividend on its issued and outstanding common stock, payable on June 25, 2013 to shareholders of record at the close of business on June 4, 2013.

Debt Facilities

        In April 2013, the Company decreased the size of its asset backed warehouse facility from $600 million to $550 million.