Note 9 - Cash Dividends

6 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

9

 -  CASH DIVIDENDS

The Company paid cash dividends of

$2,513,000

and

$1,721,000

in the

six

months ended

December

31,

2016

and

2015,

respectively. Dividends on restricted stock units in the amount of

$19,826

and

$4,690

were accrued as of

December

31,

2016

and

2015,

respectively. These dividends will be paid upon the vesting of the restricted stock units when shares are issued to the award recipients. In

January

2017,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

February

14,

2017

to shareholders of record as of

February

6,

2017.

The indicated annual cash dividend rate is

$0.20

per share.