DIVIDENDS AND DISTRIBUTIONS

6 Months Ended

Jun. 30, 2013

11. DIVIDENDS AND DISTRIBUTIONS

The following table summarizes the Company’s dividends declared on its common stock during the six months ended June 30, 2013 and 2012 (amounts in thousands, except per share data):

Date declared	Record date	Payment date	Per share amount			Total amount
For the six months ended June 30, 2013
May 15, 2013	June 28, 2013	July 18, 2013	$	0.25		$	6,822
March 14, 2013	April 08, 2013	April 18, 2013		0.25			2,317
Total cash dividends declared for the six months ended June 30, 2013			$	0.50		$	9,139

For the six months ended June 30, 2012
June 18, 2012	June 28, 2012	July 12, 2012	$	0.06		$	555
March 30, 2012	March 31, 2012	April 02, 2012		0.30	(1)		450	(1)
Total cash dividends declared for the six months ended June 30, 2012			$	0.11		$	1,005

(1) The dividend of $450 was based on 1,500,000 shares or $0.30 per share of common stock outstanding as of March 31, 2012.