Dividends

We have paid regular quarterly cash dividends since the second quarter of 2003. During 2016, we paid regular quarterly cash dividends totaling $53.3 million as detailed below:



	Quarter Ended
	March 31, 2016		June 30, 2016		September 30, 2016		December 31, 2016
	(in thousands, except per share amounts)
Cash dividends paid per common share	$	0.18125	$	0.18250	$	0.18375	$	0.18500
Total cash dividends paid	$	13,158	$	13,293	$	13,398	$	13,493
Record date	February 19, 2016		May 20, 2016		August 19, 2016		November 18, 2016
Payment date	March 25, 2016		June 24, 2016		September 23, 2016		December 23, 2016

Additionally, on January 31, 2017, our Board of Directors declared a regular quarterly cash dividend of $0.18625 per common share, which will be paid on March 24, 2017 to shareholders of record as of the close of business on February 17, 2017.

Cash dividends on our outstanding weighted average number of basic common shares for the years ended December 31, 2016, 2015 and 2014 were as follows:



	Year Ended December 31,
	2016		2015		2014
Cash dividends declared per common share	$	0.73750	$	0.71750	$	0.69750

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.