Annual report pursuant to Section 13 and 15(d)

Equity Structure and Transactions

v2.4.0.6
Equity Structure and Transactions
 12 Months Ended
Dec. 31, 2012
Equity Structure and Transactions

9. Equity Structure and Transactions

As of December 31, 2012 and 2011, the Company was authorized to issue 20 million shares and two million shares, respectively, of preferred stock with a par value of $0.00001 per share; however, no preferred shares have been issued or were outstanding as of the respective dates.

During 2012, 2011 and 2010, we paid regular cash dividends of $0.32, $0.16 and $0.14 common share per year, respectively. In December, 2012, we paid two special dividends totaling $0.79 per share or $59.0 million. In December, 2011, we paid a special dividend of $0.63 per share or $46.9 million. In December, 2010, we paid a special dividend of $0.66 per share or $49.2 million. On February 26, 2013, our board of directors declared a cash dividend of $0.08 per common share, payable on March 29, 2013 to shareholders of record on March 15, 2013.