Stockholders' Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Stockholders' Equity

7. Stockholders’ Equity

The Company declared and paid a quarterly dividend of $0.14 per common share for all four quarters of 2015 and increased the dividend declared and paid in the first and second quarters of 2016 to $0.17 per common share. Dividends paid by the Company aggregated approximately $1,940,000 and $3,876,000 in the three and six months ended June 30, 2016, respectively, and $1,583,000 and $3,165,000 for the three and six months ended June 30, 2015, respectively.