Dividends and Treasury Stock

6 Months Ended

Jul. 31, 2019

Stockholders' Equity Note [Abstract]

Dividends and Treasury Stock

DIVIDENDS AND TREASURY STOCK

Dividends paid to Raven shareholders were as follows:

	Three Months Ended				Six Months Ended
	July 31, 2019		July 31, 2018		July 31, 2019		July 31, 2018
Dividends paid(a)	$	4,671	$	4,668	$	9,353	$	9,326
Dividends paid per share (in cents per share)(a)	13.0		13.0		26.0		26.0

^(a)There were no declared and unpaid shareholder dividends at July 31, 2019 or 2018.

On November 3, 2014, the Company announced that its Board of Directors ("Board") had authorized a $40,000 stock buyback program. Since that time, the Board has provided additional authorizations to increase the total amount authorized under the program to $75,000. This authorization remains in place until the authorized spending limit is reached or such authorization is revoked by the Board.

Pursuant to these authorizations, the Company repurchased 102,477 shares for $3,500 in the three-month period ended July 31, 2019. The Company repurchased 163,177 shares for $5,781 in the six-month period ended July 31, 2019. There were no shares repurchased in the three- and six-month periods ended July 31, 2018. There were no share repurchases unpaid at July 31, 2019, or July 31, 2018. The remaining dollar value authorized for share repurchases at July 31, 2019, is $22,179.