Note 9 - Cash Dividends

9 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

9

 -

 CASH

DIVIDENDS

The Company paid cash dividends of

$3,882,000

and

$3,845,000

in the

nine

months ended

March 31, 2019

and

2018,

respectively. Dividends on restricted stock units in the amount of

$40,798

and

$44,946

were accrued as of

March 31, 2019

and

2018,

respectively. These dividends will be paid upon the vesting of the restricted stock units when shares are issued to the award recipients. In

April 2019,

the Board of Directors declared a regular quarterly cash dividend of

$0.05

per share payable

May 14, 2019

to shareholders of record as of

May 6, 2019

.

The indicated annual cash dividend rate is

$0.20

per share.