CAPITAL STOCK (Tables)

3 Months Ended

Mar. 31, 2020

Common Stock Issuances

During 2020 and 2019, the Company completed the following public offerings of shares of its common stock.

($ in thousands, except per share amounts)
			Weighted
			Average
			Price
			Received			Net
Type of Offering	Period		Per Share⁽¹⁾	Shares		Proceeds⁽²⁾
2020
At the Market Offering Program⁽³⁾	First Quarter	$	6.23	3,170,727	$	19,447
Total				3,170,727	$	19,447
2019
At the Market Offering Program⁽³⁾	First Quarter	$	6.84	1,267,894	$	8,503
At the Market Offering Program⁽³⁾	Second Quarter		6.70	4,337,931		28,495
At the Market Offering Program⁽³⁾	Third Quarter		6.37	1,771,301		11,098
Follow-on Offering	Third Quarter		6.35	7,000,000		44,218
				14,377,126	$	92,314

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

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		1.070		55,814
2019		0.960		54,421
2020 - YTD⁽¹⁾		0.295		19,322
Totals	$	11.160	$	307,715

^[4]

[1]	Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs.
[2]	The Company has entered into seven e quity d istribution a greements, six of which have either been terminated because all shares were sold or were replaced with a subsequent agreement .
[3]	Weighted average p rice received per share is before deducting the underwriters’ discount, if applicable, and other offering costs.
[4]	On April 8, 2020 , the Company declared a dividend of $0. 055 per share to be paid on May 27, 2020 . The effect of this dividend is included in the table above, but is not reflected in the Company’s financial statements as of March 31, 2020 .