Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Stockholders' Equity

8. Stockholders’ Equity

During the three and six months ended June 30, 2015 and the year ended December 31, 2014, the Company did not repurchase any shares of common stock.

The Company commenced a quarterly dividend program in the second quarter of 2014 when it declared and paid an initial quarterly cash dividend of $0.11 per common share. The Company increased the dividends declared and paid in the first and second quarter of 2015 to $0.14 per common share. Dividend payments aggregated approximately $1,583,000 and $3,165,000 for the three and six months ended June 30, 2015, respectively, and $1,229,000 in the three and six months ended June 30, 2014.