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Subsequent Events
12 Months Ended
Dec. 31, 2013
Subsequent Events  
Subsequent Events

25.  Subsequent Events

 

In February 2014, we received an installment payment, including an annual charge, of $17.8 million from PDVSA Gas relating to the 2012 sale of our Venezuelan subsidiary’s previously nationalized assets. As we have not recognized amounts payable to us by PDVSA Gas relating to the 2012 sale of our Venezuelan subsidiary’s previously nationalized assets as a receivable but rather as income from discontinued operations in the periods such payments are received, the installment payment received in February 2014 will be recognized as income from discontinued operations in the first quarter of 2014.

 

We have not paid any cash dividends on our common stock since our formation through the year ended December 31, 2013. On February 25, 2014, we announced that our board of directors declared an initial quarterly dividend of $0.15 per share of common stock, a rate of $0.60 per share on an annualized basis, to be paid on March 28, 2014 to stockholders of record at the close of business on March 14, 2014.  Any future determinations to pay cash dividends to our stockholders will be at the discretion of our board of directors and will be dependent upon our financial condition and results of operations, credit and loan agreements in effect at that time and other factors deemed relevant by our board of directors.