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Dividends
12 Months Ended
Dec. 31, 2012
Dividends [Abstract]  
Dividends
Dividends

We have paid regular quarterly cash dividends since the second quarter of 2003. During 2012, we paid regular quarterly cash dividends totaling $44,093,000 as detailed below:

 
Quarter Ended
 
March 31, 2012
 
June 30, 2012
 
September 30, 2012
 
December 31, 2012
Cash dividend per common share
$
0.16125

 
$
0.1625

 
$
0.16375

 
$
0.1650

Total cash dividends paid
$
10,847,000

 
$
10,956,000

 
$
11,063,000

 
$
11,227,000

Record date
February 24

 
April 27

 
July 27

 
October 26

Payment date
March 26

 
May 18

 
August 24

 
November 30



Additionally, on January 22, 2013, our Board of Directors declared a regular quarterly cash dividend of $0.16625 per common share, which will be paid on March 15, 2013 to shareholders of record as of the close of business on February 22, 2013.

Our Board of Directors reviews our dividend policy on a quarterly basis. Although there can be no assurance that we will continue to pay dividends or the amount of the dividend, we expect to continue to pay a regular quarterly cash dividend. In connection with the establishment of our dividend policy, we adopted a Dividend Reinvestment Plan in 2003.

On October 12, 2010, our Board of Directors declared a three-for-two stock split in the form of a 50% stock dividend which was paid on November 12, 2010 to holders of record at the close of business November 8, 2010. The effect of this action was to increase common shares outstanding by approximately 22,000,000 in 2010.