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Dividends
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Dividends
Dividends

During the six months ended June 30, 2017, the Company paid regular quarterly cash dividends totaling approximately $27.4 million as follows:
 
Quarter Ended
 
March 31, 2017
 
June 30, 2017
 
(in thousands, except per share amounts)
Cash dividends paid per common share
$
0.18625

 
$
0.18750

Total cash dividends paid
$
13,624

 
$
13,750

Record date
February 17, 2017

 
May 19, 2017

Payment date
March 24, 2017

 
June 23, 2017



Additionally, on July 11, 2017, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.18875 per common share, which will be paid on September 22, 2017, to shareholders of record as of the close of business on August 18, 2017.

Cash dividends declared on the outstanding weighted average number of basic common shares for the periods presented were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30, 2017
 
2017
 
2016
 
2017
 
2016
Cash dividends declared per common share
$
0.18875

 
$
0.18375

 
$
0.37625

 
$
0.36625