SHAREHOLDERS EQUITY

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

SHAREHOLDERS EQUITY

9. SHAREHOLDERS EQUITY

Dividends

The Company has paid consecutive quarterly cash dividends since May 2011. During the three months ended June 30, 2018 and 2017 the Company paid quarterly cash dividends of $2,049 and $2,048, respectively, with each payment amounting to $0.18 per share. During the six months ended June 30, 2018 and 2017, the Company paid cash dividends totaling $4,098 and $4,091, respectively, which amounted to $0.36 per share for the period.

On August 6, 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per share. The dividend is payable September 17, 2018 to shareholders of record as of September 10, 2018.