Note 9 - Cash Dividends

9 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

9

 - CASH DIVIDENDS

The Company paid cash dividends of

$3,772,000

and

$2,959,000

in the

nine

months ended

March

31,

2017

and

2016,

respectively. Dividends on restricted stock units in the amount of

$24,120

and

$7,860

were accrued as of

March

31,

2017

and

2016,

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

April

2017,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

May

16,

2017

to shareholders of record as of

May

8,

2017.

The indicated annual cash dividend rate is

$0.20

per share.