Dividend Program

6 Months Ended

Jun. 30, 2015

Dividend Program

Dividend Program

(15) Dividend Program

In April 2015, the Company’s Board of Directors initiated a dividend program under which the Company intends to pay quarterly dividends, subject to quarterly declarations by the Board of Directors. During the second quarter of 2015, the Board of Directors declared and the Company paid a quarterly dividend of $0.07 per share totaling $2.4 million. In August 2015, the Board of Directors declared its second quarterly dividend of $0.07 per share payable on September 10, 2015 to stockholders of record on August 21, 2015.