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Dividends
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Dividends
Dividends

During the nine months ended September 30, 2014, we paid regular quarterly cash dividends approximating $36,598,000 as follows:

 
Quarter Ended
 
March 31, 2014
 
June 30, 2014
 
September 30, 2014
Cash dividend per common share
$
0.17125

 
$
0.17250

 
$
0.17375

Total cash dividends paid
$
12,077,000

 
$
12,186,000

 
$
12,335,000

Record date
February 21, 2014

 
May 23, 2014

 
August 22, 2014

Payment date
March 28, 2014

 
June 27, 2014

 
September 26, 2014



Additionally, on October 14, 2014, our Board of Directors declared a regular quarterly cash dividend of $0.175 per common share, which will be paid on December 26, 2014, to shareholders of record as of the close of business on November 21, 2014.

Cash dividends on our outstanding weighted average number of basic common shares for the three and nine months ended September 30, 2014 and 2013 were as follows:

 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Cash dividends per common share
$
0.17

 
$
0.17

 
$
0.52

 
$
0.50



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.