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Cash Dividends | 3 Months Ended
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Mar. 31, 2013
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Cash Dividends |
12. | Cash Dividends
On February 20, 2013, the Company’s Board of Directors approved a cash dividend of $0.13 per share. The cash dividend was paid on March 29, 2013, to each stockholder of record on March 15, 2013. Cash dividends aggregated $56million and $51 million for the three months ended March 31, 2013 and 2012, respectively. The declaration and payment of future dividends is at the discretion of the Company’s Board of Directors and will be dependent upon the Company’s results of operations, financial condition, capital requirements and other factors deemed relevant by the Company’s Board of Directors.

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