Note 9—Dividends

We have paid regular quarterly cash dividends since the second quarter of 2003. During 2011, we paid regular quarterly cash dividends totaling $42,228,000 as detailed below:


	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Cash dividend per common share	$	.15625	$	.1575	$	.1588	$	.1600
Total cash dividends paid	$	10,402,000	$	10,500,000	$	10,592,000	$	10,734,000
Record date		February 11		April 22		July 29		October 28
Payment date		March 4		May 13		August 19		November 18

Additionally, on January 24, 2012, our Board of Directors declared a regular quarterly cash dividend of $.16125 per common share, which will be paid on March 16, 2012 to shareholders of record as of the close of business on February 24, 2012.

Our Board of Directors reviews our dividend policy on a quarterly basis. Although there can be no assurance that we will continue to pay dividends or the amount of the dividend, we expect to continue to pay a regular quarterly cash dividend. In connection with the establishment of our dividend policy, we adopted a Dividend Reinvestment Plan in 2003.

On October 12, 2010 our Board of Directors declared a three-for-two stock split in the form of a 50% stock dividend which was paid on November 12, 2010 to holders of record at the close of business November 8, 2010. The effect of this action was to increase common shares outstanding by approximately 22,000,000 in 2010.