SHAREHOLDERS EQUITY

12 Months Ended

Dec. 31, 2022

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY

7.SHAREHOLDERS EQUITY

Common Stock

The Company is authorized to issue up to 100,000,000 shares of common stock with a par value of one cent per share.

For more information on stock-based compensation and the Company’s 2016 Stock Incentive Plan, see Note 4 to our Consolidated Financial Statements.

Preferred Stock

The Company is authorized to issue up to 5,000,000 shares of undesignated preferred stock with a par value of one cent per share and which can be issued in one or more series. The terms, price and conditions of the preferred shares will be set by the board of directors. No shares of preferred stock have been issued.

Dividends

The Company has paid consecutive quarterly cash dividends since May 2011. Dividend payments made for 2022, 2021 and 2020 were as follows:

			Dividend
Payment	Record Date	Payment Date	(per share)		Amount
Q1 2020	March 16, 2020	March 23, 2020	$	0.18	$	2,053
Q2 2020	June 8, 2020	June 15, 2020		0.18		2,053
Q3 2020	September 7, 2020	September 14, 2020		0.18		2,053
Q4 2020	December 7, 2020	December 14, 2020		0.18		2,053
Total for 2020			$	0.72	$	8,212
Q1 2021	March 15, 2021	March 22, 2021	$	0.18	$	2,054
Q2 2021	June 7, 2021	June 14, 2021		0.18		2,054
Q3 2021	September 3, 2021	September 13, 2021		0.18		2,054
Q4 2021	December 6, 2021	December 13, 2021		0.18		2,054
Total for 2021			$	0.72	$	8,216
Q1 2022	March 21, 2022	March 28, 2022	$	0.18	$	2,055
Q2 2022	June 6, 2022	June 13, 2022		0.18		2,055
Q3 2022	September 5, 2022	September 12, 2022		0.18		2,055
Q4 2022	December 5, 2022	December 12, 2022		0.18		2,055
Total for 2022			$	0.72	$	8,220