Subsequent Event

12 Months Ended

Apr. 30, 2024

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

Quarterly Dividend Declaration

On June 12, 2024, the Board of Directors of the Company approved an increase in the Company's quarterly dividend policy to $0.37 per share and declared a cash dividend of $0.37 per share with a payment date of July 31, 2024 to holders of the Company’s common stock of record at the close of business on July 3, 2024. 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 of Directors may amend, revoke or suspend the dividend policy at any time and for any reason.