Dividends

The following is the dividend activity for the three and six months ended June 30, 2014 and June 30, 2013:



	Three Months Ended				Six Months Ended
	June 30				June 30
	2014		2013		2014		2013
Dividends declared – per share	$	0.40	$	0.35	$	0.80	$	0.70
Dividends declared – aggregate	8,780		7,685		17,546		15,326
Dividends paid – per share	0.40		0.35		0.80		0.70
Dividends paid – aggregate	8,780		7,685		17,546		15,326

We are a holding company that does not conduct any business operations of our own. As a result, we are dependent upon cash dividends, distributions and other transfers from our subsidiaries, most directly Innophos, Inc., our primary operating subsidiary, and Innophos Investments Holdings, Inc., its parent, to make dividend payments on our Common Stock. The Company's Board of Directors declared an increase to its quarterly dividend to $0.48 per share to be paid in the third quarter of 2014.