Dividends on Common Stock

12 Months Ended

Mar. 31, 2014

Equity [Abstract]

Dividends on Common Stock

Dividends on Common Stock

The holders of common stock are entitled to receive dividends if, as and when declared by the Company’s Board of Directors. During the fiscal year ended March 31, 2012, the Company declared and paid common shareholders cash dividends of $0.86 per share, or approximately $408,000 in the aggregate. No dividends were declared or paid during the fiscal years ended March 31, 2014 and 2013.