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Dividends
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Dividends
Dividends

We have paid regular quarterly cash dividends since the second quarter of 2003. During 2014, we paid regular quarterly cash dividends totaling $49,077,000 as detailed below:

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

 
$
0.17250

 
$
0.17375

 
$
0.17500

Total cash dividends paid
$
12,077,000

 
$
12,186,000

 
$
12,335,000

 
$
12,479,000

Record date
February 21, 2014

 
May 23, 2014

 
August 22, 2014

 
November 21, 2014

Payment date
March 28, 2014

 
June 27, 2014

 
September 26, 2014

 
December 26, 2014



Additionally, on January 27, 2015, our Board of Directors declared a regular quarterly cash dividend of $0.17625 per common share, which will be paid on March 27, 2015 to shareholders of record as of the close of business on February 20, 2015.

Cash dividends on our outstanding weighted average number of basic common shares for the years ended December 31, 2014, 2013 and 2012 was as follows:

 
December 31,
 
2014
 
2013
 
2012
Cash dividends per common share
$
0.69

 
$
0.67

 
$
0.65



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.