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Dividends
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Dividends
Dividends

During the nine months ended September 30, 2015, we paid regular quarterly cash dividends approximating $38,338,000 as follows:

 
Quarter Ended
 
March 31, 2015
 
June 30, 2015
 
September 30, 2015
Cash dividend per common share
$
0.17625

 
$
0.17750

 
$
0.17875

Total cash dividends paid
$
12,655,000

 
$
12,760,000

 
$
12,923,000

Record date
February 20, 2015

 
May 22, 2015

 
August 21, 2015

Payment date
March 27, 2015

 
June 26, 2015

 
September 25, 2015



Additionally, on October 13, 2015, our Board of Directors declared a regular quarterly cash dividend of $0.18 per common share, which will be paid on December 18, 2015, to shareholders of record as of the close of business on November 20, 2015.

Cash dividends on our outstanding weighted average number of basic common shares for the three and nine months ended September 30, 2015 and 2014 were approximately as follows:

 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Cash dividends per common share
$
0.18

 
$
0.17

 
$
0.53

 
$
0.52



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.