Note 9 - Cash Dividends

3 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

9

 - 

CASH DIVIDENDS

The Company paid cash dividends of

$1,296,000

and

$1,286,000

in the

three

months ended

September 30, 2018

and

2017,

respectively. Dividends on restricted stock units in the amount of

$31,553

and

$29,106

were accrued as of

September 30, 2018

and

2017,

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

November 2018,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

November 27, 2018

to shareholders of record as of

November 16, 2018.

The indicated annual cash dividend rate is

$0.20

per share.