XML 24 R15.htm IDEA: XBRL DOCUMENT v3.22.0.1
Note 10 - Subsequent Events
9 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 10: Subsequent Events

 

On January 24, 2022 our Board of Directors declared a quarterly dividend of $0.30 per share. The Company’s Board of Directors established a February 7, 2022 record date and a February 18, 2022 payment date for the quarterly dividend. Based on the outstanding share balance as of February 1, 2022 the Company estimates the dividend payable to be approximately $6.3 million.

 

In January 2022 the Company issued 17,500 restricted shares to certain employees of the Company under the 2016 Employee Plan, with a fair value of $25.87 per share. In January 2022, the Company issued 5,000 restricted shares to two directors of the Company under the 2015 Director Plan, with a fair value of $25.20 per share. These directors took on additional responsibilities as the CEO transition team of the Board.