DIVIDEND PAYMENTS

9 Months Ended

Sep. 30, 2019

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

NOTE 9– DIVIDEND PAYMENTS

On August 8, 2019, the Company’s Board of Directors, in accordance with its dividend policy, declared a quarterly cash dividend of $0.05 per common share, which was paid on August 23, 2019, to shareholders of record at the close of business on August 19, 2019. The total amount of this dividend payment was approximately $157,000. During the nine-month period ended September 30, 2019, the Company has paid approximately $474,000 in dividend payments.