Subsequent events

9 Months Ended

Mar. 31, 2014

(13)	Subsequent events

In addition to the dividend discussed in Note 8, on April 15, 2014, the Board of Directors declared a cash dividend for the quarter ended March 31, 2014 of $0.175 per share. The dividend reflects an annual cash dividend rate of $0.70 per share, which was the same as the dividend declared during the previous quarter. The dividend will be payable to stockholders of record as of May 15, 2014, and will be paid on May 30, 2014. Historically, the MHC has waived its right to receive dividends declared on its shares of the Company’s common stock. The MHC intends to waive its receipt of the dividend payable on May 30, 2014. See Note 8 Dividends for further discussion regarding the MHC waiver of dividends.