Stockholders Equity

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 4. Stockholders' Equity

Dividends

On January 28, 2014, Denbury's Board of Directors declared a quarterly cash dividend of $0.0625 per common share to shareholders of record as of the close of business on February 25, 2014. The dividend in the amount of $21.7 million was paid on March 25, 2014. See Note 8, Subsequent Events, for dividends declared in the second quarter of 2014.

Stock Repurchase Program

Under our board-authorized share repurchase program, we repurchased 12.4 million shares of Denbury common stock for $200.4 million during the three months ended March 31, 2014. Since commencement of the share repurchase program in October 2011 through March 31, 2014, we have repurchased a total of 60.0 million shares of Denbury common stock for $940.0 million, or $15.68 per share. As of March 31, 2014, we were authorized to repurchase an additional $221.9 million of common stock under this repurchase program.