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SHAREHOLDERS EQUITY
3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS EQUITY
10. SHAREHOLDERS EQUITY

 

Dividends

 

The Company has paid consecutive quarterly cash dividends since May 2011. Dividend payments made for 2016, 2015, 2014 and 2013 were as follows:

 

Payment   Record Date   Payment Date   Dividend
(per share)
    Amount  
Q1 2013   March 18, 2013   March 25, 2013   $ 0.14     $ 1,569  
Q2 2013   June 17, 2013   June 24, 2013     0.14       1,573  
Q3 2013   September 16, 2013   September 23, 2013     0.14       1,575  
Q4 2013   December 9, 2013   December 16, 2013     0.14       1,577  
Total for 2013           $ 0.56     $ 6,294  
                         
Q1 2014   March 17, 2014   March 24, 2014   $ 0.15     $ 1,692  
Q2 2014   June 16, 2014   June 23, 2014     0.15       1,695  
Q3 2014   September 15, 2014   September 22, 2014     0.15       1,696  
Q4 2014   December 8, 2014   December 15, 2014     0.15       1,695  
Total for 2014           $ 0.60     $ 6,778  
                         
Q1 2015   March 20, 2015   March 23, 2015   $ 0.16     $ 1,809  
Q2 2015   June 15, 2015   June 19, 2015     0.16       1,814  
Q3 2015   September 14, 2015   September 21, 2015     0.16       1,815  
Q4 2015   December 7, 2015   December 11, 2015     0.16       1,815  
Total for 2015           $ 0.64     $ 7,253  
                         
Q1 2016   March 21, 2016   March 28, 2016   $ 0.17     $ 1,929  
Total for 2016           $ 0.17     $ 1,929  

 

On May 2, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable June 20, 2016 to shareholders of record as of June 13, 2016.