Subsequent Events

3 Months Ended

Jul. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

11. Subsequent Events

Quarterly Dividend Declaration

On September 5, 2018, the Board of Directors of the Company declared a cash dividend of $0.10 per share with a payment date of October 15, 2018 to holders of the Company’s common stock of record at the close of business on September 28, 2018. The declaration and payment of future dividends under the quarterly dividend policy will be at the discretion of the Board of Directors and will depend upon many factors, including the Company’s earnings, capital requirements, financial conditions, the terms of the Company’s indebtedness and other factors that the Board of Directors may deem to be relevant. The Board may amend, revoke or suspend the dividend policy at any time and for any reason.