Annual report pursuant to Section 13 and 15(d)

Dividends To Shareholders

v2.4.0.6
Dividends To Shareholders
12 Months Ended
Dec. 31, 2011
Dividends To Shareholders [Abstract]  
Dividends To Shareholders
13. DIVIDENDS TO SHAREHOLDERS

The Company declared dividends of $10,383, $14,642, and $7,572 to shareholders in 2011, 2010, and 2009, respectively.

The Company declared the following regular quarterly dividends to shareholders of record on the last day of the respective quarter:

 

     2011      2010      2009  

First quarter

   $ 0.060       $ 0.060       $ 0.060   

Second quarter

     0.090         0.060         0.060   

Third quarter

     0.090         0.060         0.060   

Fourth quarter

     0.090         0.060         0.060   

These dividends were paid on the 15th day of each month following the date of declaration.

In addition to the regular quarterly dividends, the Company declared shared distribution cash dividends in 2011 and 2009, equal to $0.07 and $0.06, respectively. The 2011 dividend was paid on March 31, 2011 to shareholders of record as of March 15, 2011, and the 2009 dividend was paid on March 31, 2009, to shareholders of record as of March 15, 2009.

In 2010, the Company also declared a one-time special cash dividend of $0.33 per share, paid on November 30, 2010, to shareholders of record as of November 15, 2010.

The Board of Directors has declared a shared distribution cash dividend of $0.12 per share, payable on March 31, 2012, to shareholders of record as of March 22, 2012. The shared distribution was introduced in 2008 as a way to reward both shareholders and employees when the Company has a successful year. Additionally, the Company's board of directors declared a first quarter 2012 cash dividend of $0.09 per share payable on April 15, 2012, to shareholders of record as of March 31, 2012.