Dividends

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Dividends

Dividends

We have declared cash dividends on common shares and distributions on operating partnership units for the years ended December 31, 2015 and 2014 as presented in the table below:

Record date	Payment date	Cash dividend per share or operating partnership unit
March 28, 2014	April 15, 2014	$0.21
June 27, 2014	July 15, 2014	$0.21
September 26, 2014	October 15, 2014	$0.21
December 26, 2014	January 9, 2015	$0.21
March 27, 2015	April 15, 2015	$0.315
June 26, 2015	July 15, 2015	$0.315
September 25, 2015	October 15, 2015	$0.315
December 24, 2015	January 8, 2016	$0.315

As of December 31, 2015 and 2014 we had a dividend payable of $24.4 million and $14.3 million, respectively. On February 23, 2016, we announced a regular cash dividend of $0.38 per common share payable to shareholders of record as of March 25, 2016. The dividend will be paid on April 15, 2016.