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Cash Dividend and declared dividends
9 Months Ended
Jul. 31, 2011
Cash Dividend and declared dividends
Note 16 - Cash Dividend and declared dividends
 
The Company paid dividends of $.025 per share for a total of $172,287 during the three month period ended July 31, 2011. The Company paid and declared dividends of $.015, $.02, and $.025 per share for a total of $387,608 during the nine-month period ended July 31, 2011. No dividends were paid during the three and nine-month periods ended July 31, 2010.

On July 21, 2011, the Board of Directors of the Company declared a quarterly cash dividend of $.05 per share.  The dividend record date is September 30, 2011 and the payment date to stockholders will be October 17, 2011. On July 21, 2011, the Board of Directors also declared a special one-time cash dividend of $0.25 per common share. The dividend record date is August 15, 2011 and the payment date to stockholders will be September 1, 2011. Based on the Company’s current financial condition and its current operations, the foregoing dividend payment is not expected to have a material impact on the Company’s liquidity or capital resources.