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Dividends
3 Months Ended
Mar. 31, 2014
Dividends [Abstract]  
Dividends
Dividends

On March 28, 2014, we paid to shareholders of record on February 21, 2014, a regular quarterly cash dividend of $0.17125 per common share. Such regular quarterly cash dividend payment in the aggregate was $12,077,000.

Additionally, on April 8, 2014, our Board of Directors declared a regular quarterly cash dividend of $0.17250 per common share, which will be paid on June 27, 2014, to shareholders of record as of the close of business on May 23, 2014.

Cash dividends on our outstanding weighted average number of basic common shares for the three months ended March 31, 2014 and 2013 were as follows:

 
For the Three Months Ended March 31,
 
2014
 
2013
Cash dividends per common share
$
0.17

 
$
0.17



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.