Stockholders' Equity Matters

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Stockholders' Equity Matters

Stockholders' Equity Matters

Our board of directors has adopted a dividend policy under which we have paid, and in the future intend to pay, quarterly cash dividends on our common stock. The amount and timing of future dividends will continue to be subject to the approval of our board of directors, in its sole discretion, and to applicable legal requirements.

In fiscal year 2018 and the first nine months of 2019, our board of directors declared the following dividends:

Declaration Date	Dividend Per Share		Record Date	Total Amount		Payment Date
February 14, 2018	$	0.5875	March 15, 2018	$	167,969	April 2, 2018
May 24, 2018	0.5875		June 15, 2018	168,078		July 2, 2018
July 24, 2018	0.5875		September 17, 2018	168,148		October 2, 2018
October 25, 2018	0.6110		December 17, 2018	174,935		January 3, 2019
February 7, 2019	0.6110		March 15, 2019	175,242		April 2, 2019
May 22, 2019	0.6110		June 17, 2019	175,389		July 2, 2019
July 26, 2019	0.6110		September 16, 2019	175,434		October 2, 2019

At The Market (ATM) Equity Program

As described in greater detail in Note 12 to Notes to Consolidated Financial Statements included in our Annual Report, we entered into a distribution agreement with a syndicate of 10 banks (the “Agents”) pursuant to which we may sell, from time to time, up to an aggregate sales price of $500,000 of our common stock through the Agents (the “At The Market (ATM) Equity Program”). There were no shares of common stock sold under the At The Market (ATM) Equity Program during the nine months ended September 30, 2019. As of September 30, 2019, the remaining aggregate sale price of shares of our common stock available for distribution under the At The Market (ATM) Equity Program was approximately $431,200.