Note 8 - Stockholders' Equity

3 Months Ended

Nov. 30, 2023

Notes to Financial Statements

Equity [Text Block]

8.         STOCKHOLDERS’ EQUITY

On October 18, 2023, the Company’s Board of Directors declared a cash dividend of $0.07 per share of the Company’s common stock, payable on November 15, 2023 to stockholders of record on November 1, 2023. On October 20, 2022, the Company’s Board of Directors declared a cash dividend of $0.07 per share of the Company’s common stock, payable on November 16, 2022 to stockholders of record on November 3, 2022.

During the three months ended November 30, 2023 and 2022, the Company repurchased no shares of its common stock.

The Company issued 3,496 and 3,620 shares of common stock on September 1, 2023 and 2022, respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The ESPP is compensatory for financial reporting purposes. As of November 30, 2023, 58,538 shares of common stock remained available for sale under the ESPP.