XML 31 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
DIVIDENDS
12 Months Ended
Dec. 31, 2015
DIVIDENDS  
DIVIDENDS

 

12.DIVIDENDS

 

The Board declared and the Company paid dividends to Series I and Series II Class B Preferred Stockholders in the amounts of $12,938 and $44,675, respectively, in each of the four quarters of 2013.  The Board declared and the Company paid the same amounts to the Series I and Series II Class B Preferred Stockholders in only the first two quarters of 2014.  See Note 10 for information about dividends paid during the term of the Stock Repurchase Program.  In 2015, the Board declared and the Company paid dividends to Series I and Series II Class B Preferred Shareholders in the following amounts: $37,891 and $132,926 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on April 30, 2015; $12,313 and $44,050 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on July 20, 2015; $12,313 and $44,050 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on October 22, 2015; and $12,313 and $43,101 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on February 1, 2016.