Dividends

The Company has paid regular quarterly cash dividends since the second quarter of 2003. During 2017, the Company paid regular quarterly cash dividends totaling $55.2 million as detailed below:



	Paid During the Quarter Ended
	March 31, 2017		June 30, 2017		September 30, 2017		December 31, 2017
	(in thousands, except per share amounts)
Cash dividends paid per common share	$	0.18625	$	0.18750	$	0.18875	$	0.19000
Total cash dividends paid	$	13,624	$	13,750	$	13,883	$	13,987
Record date	February 17, 2017		May 19, 2017		August 18, 2017		November 17, 2017
Payment date	March 24, 2017		June 23, 2017		September 22, 2017		December 22, 2017

Additionally, on January 30, 2018, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.19125 per common share, which will be paid on March 23, 2018 to shareholders of record as of the close of business on February 16, 2018.

Cash dividends declared on the Company’s outstanding weighted average number of basic common shares for the years ended December 31, 2017, 2016 and 2015 were as follows:



	Year Ended December 31,
	2017		2016		2015
Cash dividends declared per common share	$	0.75750	$	0.73750	$	0.71750

The Company’s Board of Directors review the dividend policy on a quarterly basis. Although there can be no assurance that the Company will continue to pay dividends or the amount of the dividends, the Company expects to continue to pay a regular quarterly cash dividend. In connection with the establishment of the Company’s dividend policy, the Company adopted a Dividend Reinvestment Plan in 2003.