DIVIDEND PAYMENTS

6 Months Ended

Jun. 30, 2019

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

NOTE 9– DIVIDEND PAYMENTS

On May 9, 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 May 24, 2019, to shareholders of record at the close of business on May 20, 2019. The total amount of this dividend payment was approximately $159,000. During the six-month period ended June 30, 2019, the Company paid approximately $317,000 in dividend payments.