Quarterly report pursuant to Section 13 or 15(d)

DIVIDEND POLICY

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DIVIDEND POLICY
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
DIVIDEND POLICY

NOTE M – DIVIDEND POLICY

The Company’s dividend policy consists of semi-annual cash dividends of $0.05 per share ($0.10 per share annually) which are anticipated to be paid in March and September of each year. The Company paid dividends consistent with its policy in 2021 and the first quarter of 2022. The Company’s dividend policy undergoes a periodic review by the Board of Directors and is subject to change at any time depending upon the Company’s earnings, financial requirements and other factors existing at the time.