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Equity
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Equity

11. Equity

At-the-Market Continuous Equity Offering Program

On February 23, 2021, we entered into the ATM Agreement, pursuant to which we may offer and sell shares of our common stock from time to time for an aggregate offering price of up to $50.0 million. We intend to use the net proceeds of these offerings, after deducting sales agent fees and offering expenses, for general corporate purposes. Offerings of common stock pursuant to the ATM Agreement will terminate upon the earlier of (i) the sale of all shares of common stock subject to the ATM Agreement or (ii) the termination of the ATM Agreement by us or by each of the sales agents. Any sales agent may also terminate the ATM Agreement but only with respect to itself.

During the nine months ended September 30, 2021, we sold 357,148 shares of common stock for net proceeds of $3.4 million pursuant to the ATM Agreement.

Cash Dividends

The following table summarizes our dividends declared and paid in each of the quarterly periods of 2021 and 2020:

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​

​

​

​

​

​

​

​

    

Declared Dividends

    

  Dividends Paid

​

    

per Common Share

    

(in thousands)

2021

​

 

  

​

 

  

Q3

​

$

0.145

​

$

22,506

Q2

​

​

0.145

​

​

22,331

Q1

​

​

0.145

​

​

22,155

​

​

​

​

​

​

​

2020

 

​

  

 

​

  

Q4

​

$

0.145

​

$

22,177

Q3

​

 

0.145

​

 

22,308

Q2

​

 

0.145

​

 

22,176

Q1

​

 

0.145

​

 

22,171

​

On October 28, 2021, our Board of Directors declared a quarterly dividend of $0.145 per share of common stock to be paid on November 16, 2021 to stockholders of record at the close of business on November 9, 2021.