Annual report [Section 13 and 15(d), not S-K Item 405]

Dividend Policy

v3.25.4
Dividend Policy
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Dividend Policy

Note N – Dividend Policy

The Company’s dividend policy consists of a semi-annual cash dividend of $0.05 per common share ($0.10 per common share annually) which have been paid in March and September of each year. On February 19, 2025, the Board of Directors declared a semi-annual cash dividend of $0.05 per share with a payment date of March 28, 2025 to all common shareholders of record as of March 8, 2025. On September 5, 2025, the Board of Directors declared a semi-annual dividend of $0.05 per share with a payment date of September 29, 2025 to all common shareholders of record as of September 19, 2025. 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.