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Subsequent Events
6 Months Ended
Sep. 30, 2023
Subsequent Events:  
Subsequent Events

15. Subsequent Events

Dividend

On October 6, 2023, we announced that our Board of Directors declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning $40.6 million of capital to shareholders. The dividend is payable on or about November 2, 2023 to all shareholders of record as of the close of business on October 20, 2023.

This is an irregular dividend. All declarations of dividends are subject to the determination and discretion of our Board of Directors based on its consideration of various factors, including our results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in our debt agreements, restrictions under applicable law, our business prospects and other factors that our Board of Directors may deem relevant.