Dividends

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Dividends

Note 12— Dividends

The Company has paid regular quarterly cash dividends since the second quarter of 2003. During 2019, the Company paid regular quarterly cash dividends totaling $59.0 million as detailed below:

	Quarter Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
	(in thousands, except per share amounts)
Cash dividends paid per common share	$	0.19625	$	0.19750	$	0.19875	$	0.20000
Total cash dividends paid	$	14,588	$	14,688	$	14,789	$	14,886
Record date	February 15, 2019		May 24, 2019		August 23, 2019		November 22, 2019
Payment date	March 22, 2019		June 28, 2019		September 27, 2019		December 27, 2019

Additionally, on February 11, 2020, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.20125 per common share, which will be paid on March 27, 2020 to shareholders of record as of the close of business on February 28, 2020.

Cash dividends declared on the Company’s outstanding weighted average number of basic common shares for the years ended December 31, 2019, 2018 and 2017 were as follows:

	Year Ended December 31,
	2019		2018		2017
Cash dividends declared per common share	$	0.79750	$	0.77750	$	0.75750