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Dividends Paid and Declared
12 Months Ended
Dec. 31, 2012
Cumulative Preferred Stock of Subsidiary/Dividends Paid and Declared [Abstract]  
Dividends Paid and Declared

Note 7. Dividends Paid and Declared:

During 2012, our dividends were declared as follows:

 

             

Record Date

 

  Date Paid

  Amount
Per Share
 

March 30, 2012

    April 9, 2012     $           0.16    

June 29, 2012

    July 9, 2012     0.16    

September 28, 2012

    October 9, 2012     0.16    

December 31, 2012

    January 7, 2013     0.12    
       

 

 

 
          $ 0.60    
       

 

 

 

We have a covenant within our revolving credit facility that limits our ability to pay dividends. This restriction has not historically limited the amount of dividends we have paid and management does not believe that it will restrict future dividend payments.