Quarterly report pursuant to Section 13 or 15(d)

DIVIDEND POLICY

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DIVIDEND POLICY
6 Months Ended
Jun. 30, 2024
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) anticipated to be paid in March and September of each year. The Company has paid semi-annual cash dividends consistent with its policy, including a cash dividend in March 2024 of $1,175,000. 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.