Note 8 - Cash Dividends

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

8

—

CASH DIVIDENDS

The Company paid cash dividends of

$5,184,000

and

$5,154,000

in fiscal years

2019

and

2018,

respectively. Dividends on restricted stock units in the amount of

$28,158

and

$50,621

were accrued as of

June 30, 2019

and

2018,

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

August 2019,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

September 12, 2019

to shareholders of record

September 3, 2019

.