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CASH DIVIDENDS
12 Months Ended
Jan. 31, 2018
CASH DIVIDENDS  
CASH DIVIDENDS

 

NOTE 16 — CASH DIVIDENDS

 

In September 2017, the Company’s board of directors declared a regular cash dividend of $1.00 per share of common stock, which was paid on October 31, 2017 to stockholders of record at the close of business on October 20, 2017. In September 2016, the Company’s board of directors declared regular and special cash dividends of $0.70 and $0.30 per share of common stock, respectively, which were paid on October 28, 2016. In September 2015, the Company’s board of directors declared a regular cash dividend of $0.70 per share of common stock, which was paid in November 2015.

 

In accordance with an announcement made by the Company in September 2017 that it intends to commence the payment of a quarterly cash dividend, the Company’s board of directors declared a regular quarterly cash dividend of $0.25 per share of common stock on April 10, 2018, payable on April 30, 2018 to stockholders of record on April 20, 2018.