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STOCKHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2017
STOCKHOLDERS' EQUITY
4.  STOCKHOLDERS’ EQUITY

Dividends

On July 31, 2017, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.08 per share, payable to stockholders of record as of September 6, 2017. The dividend, which is expected to total approximately $5.4 million, will be paid on September 20, 2017 out of the Company’s available cash.  A dividend equivalent of $0.08 per share will also be paid simultaneously on the unvested shares of service-based restricted stock.

On May 2, 2017, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.08 per share, payable to stockholders of record as of June 6, 2017. The dividend, totaling approximately $5.4 million, was paid on June 20, 2017 on 66,264,853 outstanding shares of common stock.  A dividend equivalent of $0.08 per share was also paid simultaneously on 613,524 unvested shares of service-based restricted stock. This dividend was paid out of the Company’s available cash.

On January 30, 2017, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.08 per share, payable to stockholders of record as of March 7, 2017. The dividend, totaling approximately $5.3 million, was paid on March 21, 2017 on 66,131,192 outstanding shares of common stock.  A dividend equivalent of $0.08 per share was also paid simultaneously on 643,339 unvested shares of service-based restricted stock. This dividend was paid out of the Company’s available cash.