Note 11 - Earnings Per Share and Dividends Per Share

3 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

(11) Earnings per Share and Dividends per Share

 The weighted average common shares outstanding used in the calculation of basic earnings per share and weighted average common shares outstanding, adjusted for common stock equivalents, used in the computation of diluted earnings per share were as follows:

	Three Months Ended December 31,
	2024		2023
Weighted average common stock outstanding, basic		7,780,122		7,672,191
Dilutive impact of RSUs		82,759		1,497
Weighted average common stock outstanding, diluted		7,862,881		7,673,688

For the three months ended December 31, 2024 and 2023, the Company excluded 11,223 and 244,051 common stock equivalents, respectively, from the diluted earnings per share calculations because they were not dilutive. In each case, the excluded common stock equivalents consisted of non‑vested RSUs.

The Company paid a quarterly cash dividend of $0.1375 per share on November 27, 2024, to shareholders of record as of November 14, 2024.