Stockholders' Equity

3 Months Ended

Mar. 31, 2013

Stockholders' Equity [Abstract]

Stockholders' Equity

13. Stockholders' Equity

     The following is a summary of our stockholder's equity capital accounts as of the dates indicated:

	March 31, 2013	December 31, 2012
Preferred Stock:
Authorized shares	50,000,000	50,000,000
Issued shares	26,224,854	26,224,854
Outstanding shares	26,224,854	26,224,854
Common Stock, $1.00 par value:
Authorized shares	400,000,000	400,000,000
Issued shares	261,893,455	260,780,109
Outstanding shares	261,432,764	260,373,754

Preferred Stock. The following is a summary of our preferred stock activity during the periods indicated:

	Three Months Ended
	March 31, 2013		March 31, 2012
		Weighted Avg.		Weighted Avg.
	Shares	Dividend Rate	Shares	Dividend Rate
Beginning balance	26,224,854	6.493%	25,724,854	7.013%
Shares issued	-	0.000%	11,500,000	6.500%
Ending balance	26,224,854	6.493%	37,224,854	6.855%

Common Stock. The following is a summary of our common stock issuances during the three months ended March 31, 2013 and 2012 (dollars in thousands, except per share amounts):

	Shares Issued		Average Price		Gross Proceeds		Net Proceeds
February 2012 public issuance	20,700,000	$	53.50	$	1,107,450	$	1,062,737
2012 Dividend reinvestment plan issuances	429,058		54.61		23,429		23,429
2012 Option exercises	43,047		37.42		1,611		1,611
2012 Totals	21,172,105			$	1,132,490	$	1,087,777
2013 Dividend reinvestment plan issuances	652,724	$	61.59	$	40,199	$	40,199
2013 Option exercises	119,999		43.15		5,178		5,178
2013 Totals	772,723			$	45,377	$	45,377

Dividends. The increase in dividends is primarily attributable to increases in our common shares outstanding as described above. Please refer to Note 18 for information related to federal income tax of dividends. The following is a summary of our dividend payments (in thousands, except per share amounts):

	Three Months Ended
	March 31, 2013				March 31, 2012
	Per Share		Amount		Per Share		Amount
Common Stock	$	0.7650	$	199,546	$	0.7400	$	142,919
Series D Preferred Stock		-		0		0.4922		1,969
Series F Preferred Stock		-		0		0.4766		3,336
Series H Preferred Stock		0.7146		250		0.3750		250
Series I Preferred Stock		0.8125		11,680		0.8125		11,680
Series J Preferred Stock		0.4064		4,672		0.1715		1,972
Totals			$	216,148			$	162,126

Accumulated Other Comprehensive Income.The following is a summary of accumulated other comprehensive income(loss) for the periods presented (in thousands):

		Unrecognized gains (losses) related to:
		Foreign Currency Translation		Equity Investments		Actuarial losses		Cash Flow Hedges		Total
Balance at December 31, 2012	$	(881)	$	(216)	$	(2,974)	$	(6,957)	$	(11,028)
Other comprehensive income before reclassification adjustments		(22,706)		172		0		946		(21,588)
Reclassification amount to net income		0		0		0		(475)(1)		(475)
Net current-period other comprehensive income		(22,706)		172		0		471		(22,063)
Balance at March 31, 2013	$	(23,587)	$	(44)	$	(2,974)	$	(6,486)	$	(33,091)
Balance at December 31, 2011	$	0	$	(619)	$	(2,748)	$	(8,561)	$	(11,928)
Other comprehensive income before reclassification adjustments		0		8		0		739		747
Reclassification amount to net income		0		0		0		(461)(1)		(461)
Net current-period other comprehensive income		0		8		0		278		286
Balance at March 31, 2012	$	0	$	(611)	$	(2,748)	$	(8,283)	$	(11,642)
(1) Please see Note 11 for additional information.