(11) STOCKHOLDERS EQUITY

12 Months Ended

Dec. 31, 2011

Stockholders' Equity Note Disclosure [Text Block]

(11) STOCKHOLDERS EQUITY

Treasury Stock

The Company has a program in place which allows for the purchase of up to 250,000 shares of Daxor Common Stock each year. During the years ended December 31, 2011 and 2010, the Company purchased 23,766 and 24,181 shares of Daxor Common Stock, respectively. The total amount spent on these purchases was $230,337 and $242,934, respectively.

The stock is purchased as funds are available and if the stock is trading at a price which management feels is undervalued. This is usually when the market capitalization of the Company is less than the net value of its assets.

Dividends

For the year ended December 31, 2011, the Company paid total dividends of $1,054,450 or $0.25 per share. The $0.25 per share was paid as follows: $0.10 per share on June 16^th and $0.15 per share on November 30^th.

For the year ended December 31, 2010, the Company paid total dividends of $4,229,520 or $1.00 per share. The $1.00 per share was paid as follows: $0.10 per share on June 16th, $0.25 per share on September 30 th and a special dividend of $0.65 per share on December 30, 2010.

It is the policy of Company Management to pay dividends when there are available earnings.