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DIVIDENDS DECLARED | 6 Months Ended
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Jun. 30, 2015
DIVIDENDS DECLARED |
DIVIDENDS DECLARED | 10. DIVIDENDS DECLARED Dividends declared during the six months ended June 30, 2015 and 2014 consisted of the following: On March 6, 2015 and June 12, 2015, we declared common share dividends of $0.21875 per share of Common Stock which were paid on March 27, 2015 and June 29, 2015, respectively. CIM Urban paid a distribution of $16,100,000 in 2014 prior to the Acquisition Date ($0.1685 per share of Common Stock, as converted). On March 24, 2014, we declared a common share dividend of $0.05 per share of Common Stock and a preferred dividend of $0.0403 per share of preferred stock ($0.0285 per share of Common Stock as converted) which were paid on March 28, 2014. On April 28, 2014, we declared a dividend in the aggregate amount of $1,964,000 to the preferred stockholders ($0.0302 per share of preferred stock and $0.0215 per share of Common Stock as converted) in connection with the conversion of shares of preferred stock to shares of Common Stock, which was paid on June 27, 2014. On June 12, 2014, we declared a common share dividend of $0.21875 per share of Common Stock which was paid on June 27, 2014. In addition, dividends of $59,286,000 ($27.975 per share of Common Stock) were paid to the PMC Commercial stockholders in connection with the Merger, which includes the $27.50 per share of Common Stock special dividend plus the $0.475 pro rata portion of PMC Commercial's regular quarterly cash dividend.

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