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Note 10 - Dividends
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6 Months Ended |
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Mar. 31, 2013
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| Dividends Disclosure [Text Block] |
Note
10 – Dividends
Beginning
February 16, 2010, through March 31, 2013, the Company has
paid 13 quarterly cash dividends. The first 9 were
paid at a quarterly rate per share of $0.05 through February
9, 2012. The other 4 were paid at a quarterly rate
per share of $0.06 from May 9, 2012 through February 6,
2013. The Company paid cash dividends of
approximately $3.5 million ($0.06 per share) and $2.8 million
($0.05 per share) during the six months ended March 31, 2013
and 2012, respectively.
On
March 27,
2013, the Company’s Board of Directors declared a
quarterly cash dividend of $0.07 per share, a 17% increase
over the previous quarterly dividend rate. The
Company will pay, from its cash on hand, approximately $2.0
million pursuant to the dividend on May 8, 2013 to
stockholders of record as of May 1, 2013.
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