DIVIDENDS PER SHARE

9 Months Ended

Sep. 30, 2016

DIVIDENDS PER SHARE [Abstract]

DIVIDENDS PER SHARE

3.DIVIDENDS PER SHARE

In January, April and July 2016, the Company's board of directors declared a quarterly cash dividend of $0.355 per share.  These quarterly cash dividends of $19.8 million, $19.9 million and $19.9 million were paid on March 16, 2016, June 8, 2016 and September 14, 2016 to stockholders of record on February 26, 2016, May 27, 2016 and August 26, 2016.  In November 2016, the Company's board of directors declared a quarterly cash dividend of $0.355 per share to be paid on December 7, 2016 to stockholders of record on November 18, 2016.