DIVIDENDS

12 Months Ended

Dec. 31, 2020

DIVIDENDS.

DIVIDENDS

NOTE 10—DIVIDENDS

On February 11, 2020, 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 February 28, 2020, to shareholders of record at the close of business on February 24, 2020. The total amount of this dividend payment was approximately  $157,000.

The Company’s Board of Directors has not issued any additional dividends in 2020.