Subsequent events

3 Months Ended

Jan. 31, 2020

Subsequent events

Subsequent event

Note 15 - Subsequent events

On February 1, 2020, the two leases for the Schrofftech facilities were renewed effective February 1, 2020 for two years expiring January 31, 2022. The aggregate monthly rental payments under the new leases are $6,525 per month.

On February 15, 2020, the RF Connector division entered into a lease agreement for an approximately 625 square foot office facility located in Towson, Maryland that expires on February 28, 2022. The rental payments under the lease currently are $1,016 per month, plus estimated monthly payments of $143 for common area maintenance fees.

On March 5, 2020, the Board of Directors declared a quarterly cash dividend of $0.02 per share payable on April 15, 2020 to stockholders of record on March 31, 2020.