XML 46 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Cash Dividend
9 Months Ended
Dec. 31, 2012
Dividends [Abstract]  
Cash Dividend

9. Cash Dividend

For the nine months ended December 31, 2012, the Company paid four cash dividends. On May 2, 2012 the Board of Directors declared a quarterly dividend equal to $0.10 per common share, to be paid on June 6, 2012 to shareholders of record as of May 30, 2012. On August 7, 2012 the Board of Directors declared a quarterly dividend equal to $0.12 per common share, to be paid on September 6, 2012 to shareholders of record as of August 30, 2012. On November 7, 2012 the Board of Directors declared a quarterly dividend equal to $0.12 per common share, to be paid on December 6th to shareholders of record as of November 30, 2012. On December 11, 2012, the Board of Directors declared a special cash dividend equal to $2.00 per common share, to be paid on December 28, 2012 to shareholders of record as of December 21, 2012.

Payment of cash dividends results in a 5% withholding tax payable by the Company under the Canada-United States Income Tax Convention which are included in earnings under the caption of dividend tax.