DIVIDEND POLICY |
12 Months Ended |
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Dec. 31, 2016 | |
Notes to Financial Statements | |
NOTE N – DIVIDEND POLICY |
On December 7, 2016, the Board of Directors of the Company approved the initiation of a dividend policy providing for the payment of a regular semi-annual dividend of $0.05 per common share ($0.10 per common share annually) commencing in 2017. The Company anticipates paying the semi-annual dividends in March and September of each year. It is anticipated that the semi-annual regular dividend will continue to be paid through March 2020 (the expiration of the Company's Remote Power Patent) provided that the Company continues to receive royalties from licensees of its Remote Power Patent. |
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- References No definition available.
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- Definition The entire disclosure of statutory restrictions on the payment of dividends as prescribed by the National Association of Insurance Commissioners or state regulatory authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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