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Stockholders' Equity
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY

Our Board of Directors declared dividends on our outstanding shares of common stock to stockholders of record as follows for the periods presented (in thousands, except per share amounts):

 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
 
 
Per Share Amount
 
Aggregate Amount
 
Per Share Amount
 
Aggregate Amount
 
Per Share Amount
 
Aggregate Amount
First Quarter
 
$
0.06

 
$
2,569

 
$
0.06

 
$
2,565

 
$
0.06

 
$
1,301

Second Quarter
 
$
0.06

 
$
2,570

 
$
0.06

 
$
2,565

 
$
0.06

 
$
2,561

Third Quarter
 
$
0.06

 
$
2,571

 
$
0.06

 
$
2,569

 
$
0.06

 
$
2,564

Fourth Quarter
 
$
0.06

 
$
2,570

 
$
0.06

 
$
2,569

 
$
0.06

 
$
2,565





On November 6, 2018, ACIC and IIC paid dividends of $50,000,000 and $1,764,000, respectively, to the Company. In 2019, the Company returned the $1,764,000 paid by IIC in 2018.

In July 2019, our Board of Directors authorized a stock repurchase plan of up to $25,000,000 of our common stock. As of December 31, 2019, we had not yet repurchased any shares under this stock repurchase plan. The timing and volume of repurchases are at the discretion of management, based on the capital needs of the business, the market price of UIHC common stock, and general market conditions. The plan has no expiration date, and the plan may be suspended or discontinued at any time.

See Note 19 for information regarding our stock-based compensation activity.