Common Stock and Dividends
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Common Stock and Dividends
Common Stock and Dividends
 
Dividends declared and paid on a per share basis were as follows:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Dividends declared
$
0.09

 
$
0.08

 
$
0.27

 
$
0.24

Dividends paid
$
0.09

 
$
0.08

 
$
0.27

 
$
0.24



On October 3, 2016, the Company announced that its Board of Directors had declared a quarterly cash dividend of $0.09 per share, which was paid on October 28, 2016, to shareholders of record at the close of business on October 14, 2016.