Note 9 - Cash Dividends

3 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Equity [Text Block]

NOTE 9 - CASH DIVIDENDS

The Company paid cash dividends of $1.4 million in both the three months ended September 30, 2023, and September 30, 2022. Dividends on restricted stock units in the amount of $0.1 million and $0.2 million were accrued as of both September 30, 2023, and 2022, respectively. These dividends will be paid upon the vesting of the restricted stock units when shares are issued to the award recipients. In November 2023, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable November 21, 2023, to shareholders of record as of November 13, 2023. The indicated annual cash dividend rate is $0.20 per share.