Note 9 - Cash Dividends

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

9

 -

 CASH

DIVIDENDS

The Company paid cash dividends of

$2,643,000

and

$2,587,000

in the

six

months ended

December 31, 2019

and

2018,

respectively. Dividends on restricted stock units in the amount of

$52,383

and

$34,631

were accrued as of

December 31, 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

February 2020,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

February 26, 2020

to shareholders of record as of

February 18, 2020

.

The indicated annual cash dividend rate is

$0.20

per share.