CAPITAL STOCK (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of completed public offerings of shares of common stock

Common Stock Issuances

During 2017 and 2016, the Company completed the following public offerings of shares of its common stock. There were no common stock issuances through public offerings during the three months ended March 31, 2016 and September 30, 2017.

($ in thousands, except per share amounts)
						Weighted
						Average
						Price
		Book Value Per Share				Received				Net
Type of Offering	Period	Beginning		Ending		Per Share⁽¹⁾		Shares		Proceeds⁽²⁾
2017
At the Market Offering Program⁽³⁾	First Quarter	$	10.10	$	9.75	$	10.13	1,286,196	$	12,792
At the Market Offering Program⁽³⁾	Second Quarter		9.75		9.23		10.17	11,012,836		110,065
At the Market Offering Program⁽³⁾	Fourth Quarter		9.15		8.71		9.81	7,746,052		74,750
								20,045,084	$	197,607
2016
At the Market Offering Program⁽³⁾	Second Quarter	$	11.01	$	10.86	$	10.48	646,753	$	6,591
At the Market Offering Program⁽³⁾	Third Quarter		10.86		11.21		10.80	3,818,802		40,525
At the Market Offering Program⁽³⁾	Fourth Quarter		11.21		10.10		10.79	6,707,101		71,212
								11,172,656	$	118,328

^[1],[2],[3]

Schedul of cash dividends declared on the Company's common stock

Cash Dividends

The table below presents the cash dividends declared on the Company’s common stock.

(in thousands, except per share amounts)
Year		Per Share Amount		Total
2013	$	1.395	$	4,662
2014		2.160		22,643
2015		1.920		38,748
2016		1.680		41,388
2017		1.680		70,717
2018 - YTD⁽¹⁾		0.110		5,842
Totals	$	8.945	$	184,000

^[4]

[1]	The Company has entered into six e quity d istribution a greements, five of which have either been terminated because all shares were sold or were replaced with a subsequent agreement .
[2]	Net proceeds are net o f the underwriters’ discount, if applicable, and other offering costs.
[3]	Weighted average p rice received per share is gross of underwriters’ discount, if applicable, and other offering costs.
[4]	On January 10, 2018 , the Company declared a dividend of $0.1 1 per share to be paid on February 9, 2018 . The effect of this dividend is included in the table above, but is not reflected in the Company’s financial statements as of December 31, 2017 .