Note 9 - Cash Dividends

12 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Equity [Text Block]

NOTE 9 — CASH DIVIDENDS

The Company paid cash dividends of $5.7 million and $5.4 million in fiscal years 2024 and 2023, respectively. Dividends on restricted stock units in the amount of $0.1 million were accrued for both fiscal years as of June 30, 2024, and 2023. These dividends are paid upon the vesting of the restricted stock units when shares are issued to the award recipients. In August 2024, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable September 3, 2024, to shareholders of record August 26, 2024.