Note 9 - Cash Dividends

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

9

 - 

CASH DIVIDENDS

The Company paid cash dividends of

$1,319,000

and

$1,296,000

in the

three

months ended

September 30, 2019

and

2018,

respectively. Dividends on restricted stock units in the amount of

$34,842

and

$31,553

were accrued as of

September 30, 2019

and

2018,

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

November 2019,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

November 26, 2019

to shareholders of record as of

November 18, 2019

.

The indicated annual cash dividend rate is

$0.20

per share.