DIVIDENDS

6 Months Ended

Jun. 30, 2011

DIVIDENDS

DIVIDENDS

NOTE D — DIVIDENDS

On April 20, 2010, the Company declared a five percent (5%) stock dividend on its outstanding common shares.  The 5% stock dividend was paid on May 14, 2010, to shareholders of record as of April 30, 2010.   Cash in lieu of fractional shares in the total amount of $431 was paid to shareholders based on the last sales price of the Company’s common shares on the record date.  No dividends have been declared or paid in 2011.