13.

Dividends

On September 1, 2011, our Board of Directors approved a cash dividend of $0.04 per share for the third quarter of 2011. The total cash dividend of $8.6 million was paid on September 30, 2011 to holders of record on September 15, 2011. Dividends paid in 2011 total $25.7 million as of September 30, 2011. Any future declaration of dividends, as well as the establishment of record and payment dates, is subject to limitations under the EXCO Resources Credit Agreement, the indenture governing the 2018 Notes and the approval of EXCO's Board of Directors.