Note 15 - Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

15. STOCKHOLDERS’ EQUITY

Treasury Stock

The Company does

not

currently have an authorized share repurchase program. Common stock repurchased under prior authorizations were accounted for as treasury stock.

Dividends

The Company’s dividend policy is set by the Company’s Board of Directors and is subject to the terms of its credit facilities and the continued current and future performance and liquidity needs of the Company. Dividends on the Company’s common stock are

not

cumulative to the extent they are declared. On

March 9, 2020

,

the Company’s Board of Directors declared a

one

-time cash dividend of

$0.09

per share of common stock to be paid on

June 18, 2020

to shareholders of record as of the close of business on

April 20, 2020

.

The dividend totaled

$4,852.