Note 11 - Stockholders' Equity

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

11.

Stockholders’ Equity

Share Repurchase Program

On

February 14, 2019,

our Board of Directors authorized the repurchase of up to

$10.0

million of the Company’s common stock through transactions on the open market, in privately negotiated purchases or otherwise. The repurchase program

may

be suspended or discontinued at any time and will conclude on

February 14, 2020,

unless extended by the Board. To date we have

not

made any repurchases under this program.

  Dividends

In

February 2011,

our Board of Directors approved a policy for the payment of quarterly cash dividends on our common stock. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by our Board of Directors on a quarterly basis. The dividend activity for the periods presented is as follows: 

Record Date	Payment Date	Per Share Amount		Dividend Payment
				(in thousands)
Fiscal Year 2019
March 22, 2019	April 5, 2019	$	0.085	$	1,672
May 22, 2019	June 5, 2019	$	0.085	$	1,672
August 21, 2019	September 5, 2019	$	0.085	$	1,691
Fiscal Year 2018
March 22, 2018	April 5, 2018	$	0.070	$	1,351
May 22, 2018	June 7, 2018	$	0.070	$	1,353
August 22, 2018	September 6, 2018	$	0.070	$	1,369
November 20, 2018	December 6, 2018	$	0.070	$	1,372

On

October 21, 2019

,

our Board of Directors approved a quarterly cash dividend on our common stock of

$0.085

per share payable on

December 5, 2019

,

to stockholders of record at the close of business on

November 20, 2019

,

which will total approximately

$1.7

million.