Quarterly report pursuant to Section 13 or 15(d)

Dividends

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Dividends
 6 Months Ended
Mar. 31, 2014
Dividends [Abstract]  
Dividends

Note 10 – Dividends

 

Beginning February 16, 2010, through March 31, 2014, the Company has paid 17 quarterly cash dividends.  The first 9 were paid at a quarterly rate per share of $0.05 through February 9, 2012, 4 were paid at a quarterly rate per share of $0.06 from May 9, 2012 through February 6, 2013, and 4 were paid at a quarterly rate per share of $0.07 from May 8, 2013 through February 5, 2014.  The Company paid cash dividends of approximately $4.0 million and $3.5 million during the six months ended March 31, 2014 and 2013, respectively. 

 

On March 24, 2014, the Company’s Board of Directors declared a quarterly cash dividend of $0.07 per share.  The Company will pay, from its cash on hand, approximately $2.0 million pursuant to the dividend on May 7, 2014 to stockholders of record as of April 30, 2014.