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Stockholders' Equity (Notes)
 6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Stockholders’ Equity
 
Common Equity
 
As of June 30, 2016, our common equity consisted of our Class P common stock. For additional information regarding our Class P common stock, see Note 11 to our consolidated financial statements included in our 2015 Form 10-K.

Common Dividends

Holders of our common stock participate in any dividend declared by our board of directors, subject to the rights of the holders of any outstanding preferred stock. The following table provides information about our per share dividends:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Per common share cash dividend declared for the period
$
0.125

 
$
0.49

 
$
0.250

 
$
0.97

Per common share cash dividend paid in the period
$
0.125

 
$
0.48

 
$
0.250

 
$
0.93



On July 20, 2016, our board of directors declared a cash dividend of $0.125 per common share for the quarterly period ended June 30, 2016, which is payable on August 15, 2016 to common shareholders of record as of August 1, 2016.

Mandatory Convertible Preferred Stock

On October 30, 2015, we completed an offering of 32,000,000 depositary shares, each of which represents a 1/20th interest in a share of our 1,600,000 shares of 9.750% Series A mandatory convertible preferred stock, with a liquidating preference of $1,000 per share (equal to a $50 liquidation preference per depositary share). For additional information regarding our mandatory convertible preferred stock, see Note 11 to our consolidated financial statements included in our 2015 Form 10-K.

Preferred Dividends

On April 20, 2016, our board of directors declared a cash dividend of $24.375 per share of our mandatory convertible preferred stock (equivalent of $1.21875 per depositary share) for the period from and including April 26, 2016 through and including July 25, 2016, which is payable on July 26, 2016 to mandatory convertible preferred shareholders of record as of July 11, 2016.