XML 48 R26.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Event
12 Months Ended
Apr. 30, 2021
Subsequent Events [Abstract]  
Subsequent Event

19. Subsequent Event

Quarterly Dividend Declaration

On June 21, 2021, the Board of Directors of the Company approved an increase of 20% in the Company’s quarterly dividend policy to $0.12 per share and declared a cash dividend of $0.12 per share with a payment date of July 30, 2021 to holders of the Company’s common stock of record at the close of business on July 6, 2021. 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 condition, 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.