Annual report pursuant to Section 13 and 15(d)

Dividends

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Dividends
 12 Months Ended
Sep. 30, 2014
Dividends [Abstract]  
Dividends

Note 12.Dividends

 

Beginning February 16, 2010 through May 7, 2014, the Company paid 18 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 5 were paid at a quarterly rate per share of $0.07 from May 8, 2013 through May 7, 2014. Cumulative dividends paid totaled $29.4 million through September 30, 2014. Total dividends paid were approximately $6.1 million, $7.5 million and $6.2 million in 2014, 2013 and 2012, respectively. 

 

On July 14, 2014, the Company announced that its Board of Directors has elected to suspend the payment of quarterly cash dividends in order to devote operating cash flows towards strategic growth initiatives.