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Dividends
9 Months Ended
Sep. 30, 2013
Dividends [Abstract]  
Dividends
Dividends

During the nine months ended September 30, 2013, we paid regular quarterly cash dividends approximating $34,760,000 as follows:

 
Quarter Ended
 
March 31, 2013
 
June 30, 2013
 
September 30, 2013
Cash dividend per common share
$
0.16625

 
$
0.16750

 
$
0.16875

Total cash dividends paid
$
11,415,000

 
$
11,516,000

 
$
11,829,000

Record date
February 22, 2013

 
May 10, 2013

 
August 16, 2013

Payment date
March 15, 2013

 
June 14, 2013

 
September 20, 2013



Additionally, on October 8, 2013, our Board of Directors declared a regular quarterly cash dividend of $0.17 per common share, which will be paid on December 20, 2013, to shareholders of record as of the close of business on November 15, 2013.

Cash dividends on our outstanding weighted average number of basic common shares for the three and nine months ended September 30, 2013 and 2012 was as follows:

 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Cash dividends per common share
$
0.17

 
$
0.16

 
$
0.50

 
$
0.49



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.