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Dividends
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Dividends
Dividends

We have paid regular quarterly cash dividends since the second quarter of 2003. During 2015, we paid regular quarterly cash dividends totaling $51,375,000 as detailed below:

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

 
$
0.17750

 
$
0.17875

 
$
0.18000

Total cash dividends paid
$
12,655,000

 
$
12,760,000

 
$
12,923,000

 
$
13,037,000

Record date
February 20, 2015

 
May 22, 2015

 
August 21, 2015

 
November 20, 2015

Payment date
March 27, 2015

 
June 26, 2015

 
September 25, 2015

 
December 18, 2015



Additionally, on January 26, 2016, our Board of Directors declared a regular quarterly cash dividend of $0.18125 per common share, which will be paid on March 11, 2016 to shareholders of record as of the close of business on February 19, 2016.

Cash dividends on our outstanding weighted average number of basic common shares for the years ended December 31, 2015, 2014 and 2013 was as follows:

 
December 31,
 
2015
 
2014
 
2013
Cash dividends per common share
$
0.72

 
$
0.69

 
$
0.67



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.