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Cash Dividends
9 Months Ended
Jun. 30, 2011
Cash Dividends  
Cash Dividends

(7)        Cash Dividends

 

On May 27, 2011, the Company declared a regular quarterly cash dividend in the amount of $0.55 per share for the third quarter of fiscal 2011. The dividends were funded on July 5, 2011 and were paid to shareholders of record as of June 10, 2011. Dividends in the amount of $0.55 per share for the first and second quarters of fiscal 2011 were funded in the second quarter of fiscal 2011. Regular quarterly cash dividends of $0.5375 per share, or $2.15 annually, were declared during fiscal 2010.

 

Dividends on time based restricted stock awards issued to employees and non-employee directors are eligible for dividends at the same rate paid to shareholders. The Company accrues for dividends on performance stock awards, which will be paid upon the vesting, in various future periods, of the related restricted performance stock awards assuming the performance criteria set forth in the agreements relating to such awards are met.