On October 25, 2016, the Board of Directors declared a special year-end dividend of $0.10 per share payable December 9, 2016 to stockholders of record at the close of business November 10, 2016. The Board of Directors, at its quarterly meeting on January 24, 2017, approved a 15.0% increase in the Company’s quarterly dividend. The increased regular quarterly dividend of $0.115 per share will be payable March 10, 2017 to stockholders of record at the close of business February 10, 2017.