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Quarterly report pursuant to Section 13 or 15(d)

CAPITAL STOCK

v2.4.0.6
CAPITAL STOCK
6 Months Ended
Jun. 30, 2012
CAPITAL STOCK

NOTE 15 鈥� CAPITAL STOCK

Dividends

A $0.14 per share cash dividend was paid on March聽1, 2011 and June聽1, 2011 to shareholders of record as of February聽15, 2011 and April聽29, 2011, respectively. On July聽12, 2011, our Board of Directors increased the quarterly common share dividend by 100 percent to $0.28 per share. The increased cash dividend was paid on September聽1, 2011 and December聽1, 2011 to shareholders of record as of the close of business on August聽15, 2011 and November聽18, 2011, respectively. Additionally, the increased cash dividend was paid on March聽1, 2012 to shareholders of record as of the close of business on February聽15, 2012. On March聽13, 2012, our Board of Directors increased the quarterly common share dividend by 123 percent to $0.625 per share. The increased cash dividend was paid on June聽1, 2012 to shareholders of record as of the close of business on April聽27, 2012.

Public Offering

On June聽13, 2011, we completed a public offering of our common shares. The total number of shares sold was 10.35聽million, comprised of the 9.0聽million share offering and the exercise of an underwriters鈥� over-allotment option to purchase an additional 1.35聽million shares. The offering resulted in an increase in the number of our common shares issued and outstanding as of June聽30, 2011. We received net proceeds of approximately $853.7 million at a closing price of $85.63 per share.

Amendment to the Second Amended Articles of Incorporation

On May聽25, 2011, our shareholders approved an amendment to our Second Amended Articles of Incorporation to increase the number of authorized Common Shares from 224,000,000 to 400,000,000, which resulted in an increase in the total number of authorized shares from 231,000,000 to 407,000,000. The total number of authorized shares includes 3,000,000 and 4,000,000 shares of Class聽A and Class B, respectively, of unauthorized and unissued preferred stock.