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CAPITAL STOCK (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of completed public offerings of shares of common stock

Common Stock Issuances

During the six months ended June 30, 2020 and the year ended December 31, 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) Weighted average price received per share is before deducting the underwriters’ discount, if applicable, and other offering costs.

(2) Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs.

(3) The Company has entered into seven equity distribution agreements, six of which have either been terminated because all shares were sold or were replaced with a subsequent agreement.

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		1.070		55,814
2019		0.960		54,421
2020 - YTD⁽¹⁾		0.465		30,595
Totals	$	11.330	$	318,988

On July 15, 2020, the Company declared a dividend of $0.06 per share to be paid on August 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 June 30, 2020.