Dividends and Treasury Stock

6 Months Ended

Jul. 31, 2021

Stockholders' Equity Note [Abstract]

Dividends and Treasury Stock

DIVIDENDS AND TREASURY STOCK

On August 26, 2020, the Company announced that the Board of Directors ("Board") indefinitely suspended the Company’s regular quarterly cash dividend on its common stock, therefore no dividends were paid to Raven shareholders in the three-and six-month periods ended July 31, 2021. Dividends paid to Raven shareholders for the three- and six-months periods ended July 3l, 2020 were $4,660 and $9,318, respectively. There were no declared and unpaid shareholder dividends at July 31, 2021 or 2020.

The Company has a stock buyback program approved by the Board in November 2014. The Company had no share repurchases in the three and six-month periods ended July 31, 2021 and 2020. The total amount authorized under the program is $75,000

and the remaining dollar value authorized for share repurchases at July 31, 2021 is $17,179. This authorization remains in place until the authorized spending limit is reached or such authorization is revoked by the Board.