Common Stock and Dividends

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Common Stock and Dividends

Common Stock and Dividends

Dividends declared and paid on a per share basis were as follows:

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2014		2013		2014		2013
Dividends declared	$	0.07	$	0.07	$	0.21	$	0.21
Dividends paid	$	0.07	$	0.07	$	0.21	$	0.21

On October 2, 2014, the Company announced that its Board of Directors had declared a quarterly cash dividend of $0.07 per share, payable October 30, 2014, to shareholders of record at the close of business on October 16, 2014.