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Cash Dividends
12 Months Ended
Dec. 31, 2018
Cash Dividends [Abstract]  
Cash Dividends

Note 15 – Cash Dividends:

 

On March 19, 2018, the Company’s Board of Directors declared a special cash dividend of $0.06 per common share payable on April 16, 2018 to all shareholders of record on April 2, 2018.  There were 9,254,580 shares of common stock outstanding on April 2, 2018; therefore, dividends aggregating $555,275 were paid on April 16, 2018.

 

On April 13, 2017, the Company’s Board of Directors declared a special cash dividend of $0.06 per common share payable on May 11, 2017 to all shareholders of record on April 27, 2017.  There were 9,154,243 shares of common stock outstanding on April 27, 2017;  therefore, dividends aggregating $549,255 were paid on May 11, 2017.