XML 34 R15.htm IDEA: XBRL DOCUMENT v3.21.4
Stockholders' Equity
12 Months Ended
Nov. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stockholders' Equity

 

  NOTE 7—STOCKHOLDERS’ EQUITY:

Share Repurchase Programs

In June 2020, the Board of Directors authorized a three-year $400,000 share repurchase program, effective July 1, 2020, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions. As of November 30, 2021, the Company had not repurchased any shares under this program.

Dividends

The Company declared cumulative cash dividends of $0.80, $0.40 and $1.50 per share during the years ended November 30, 2021, 2020 and 2019, respectively. On January 11, 2022, the Company announced a cash dividend of $0.30 per share to stockholders of record as of January 21, 2022, payable on January 28, 2022. Dividends are subject to continued capital availability, compliance with the covenants and conditions in some of the Company's credit facilities and the declaration by the Board of Directors in the best interest of the Company’s stockholders.