Common Stock and Dividends

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Common Stock and Dividends

Common Stock and Dividends

Dividends declared and paid on a per share basis were as follows:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2016		2015		2016		2015
Dividends declared	$	0.09	$	0.08	$	0.18	$	0.16
Dividends paid	$	0.09	$	0.08	$	0.18	$	0.16

On July 1, 2016, the Company announced that its Board of Directors had declared a quarterly cash dividend of $0.09 per share, which was paid on July 29, 2016, to shareholders of record at the close of business on July 15, 2016.