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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
11. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period, including vested restricted stock awards during the period. Diluted EPS is computed by dividing net income by the weighted average number of shares outstanding, noted above, adjusted for the dilutive effect of stock options and unvested restricted stock awards.  Dilutive securities are common stock equivalents that are freely exercisable into common stock at less than market prices or otherwise dilute earnings if converted. The net effect of common stock equivalents is based on the incremental common stock that would be issued upon the assumed exercise of common stock options and the vesting of RSAs using the treasury stock method. Common stock equivalents are not included in diluted earnings per share when their inclusion is antidilutive.

The following table presents the calculation of basic and diluted EPS:
 
 
Three Months Ended
 
 
March 31,
 
 
2019
 
2018
 
 
(In thousands, except per share data)
Net income (loss) attributable to FedNat Holding Company shareholders
 
$
(3,865
)
 
$
7,463

 
 
 

 
 

Weighted average number of common shares outstanding - basic
 
12,795

 
12,850

 
 
 
 
 
Net income (loss) per common share - basic     
 
$
(0.30
)
 
$
0.58

 
 
 

 
 

 
 
 

 
 

Weighted average number of common shares outstanding - basic
 
12,795

 
12,850

Dilutive effect of stock compensation plans
 

 
95

Weighted average number of common shares outstanding - diluted
 
12,795

 
12,945

 
 
 
 
 
Net income (loss) per common share - diluted
 
$
(0.30
)
 
$
0.58

 
 
 

 
 

Dividends per share
 
$
0.08

 
$
0.08



Dividends Declared

In January 2019, our Board of Directors declared a $0.08 per common share dividend, payable in March 2019, to shareholders of record on February 14, 2019, amounting to $1.0 million.

In May 2019, our Board of Directors declared a $0.08 per common share dividend, payable in June 2019, to shareholders of record on May 14, 2019, amounting to $1.0 million.