Stockholders Equity

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 4. Stockholders' Equity

Dividends

In each of the first three quarters of 2014, we paid a quarterly cash dividend to our common stockholders of $0.0625 per common share, with aggregate dividends of $65.2 million, or $0.1875 per common share, paid during the nine months endedSeptember 30, 2014. See Note 8, Subsequent Event, for details regarding the dividend declared and to be paid in the fourth 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 first quarter of 2014. Since commencement of the share repurchase program in October 2011 through September 30, 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 September 30, 2014, we were authorized to repurchase an additional $221.9 million of common stock under this repurchase program.