Capital Stock and Dividends

9 Months Ended

Sep. 28, 2019

Equity [Abstract]

Capital Stock and Dividends

Capital Stock and Dividends:

Capital Stock

The authorized capital stock of the Company consists of common stock and preferred stock. The Company is authorized to issue 400 million shares of common stock. The Company is also authorized to issue 40 thousand shares of preferred stock, with such designations, rights and preferences as may be determined from time to time by the Board of Directors.

Dividends

During the first nine months of fiscal 2019 and 2018, the Board of Directors declared the following cash dividends:

Date Declared	Dividend Amount Per Share of Common Stock		Record Date	Date Paid
August 7, 2019	$	0.35	August 26, 2019	September 10, 2019
May 8, 2019	$	0.35	May 28, 2019	June 11, 2019
February 6, 2019	$	0.31	February 25, 2019	March 12, 2019
August 8, 2018	$	0.31	August 27, 2018	September 11, 2018
May 9, 2018	$	0.31	May 29, 2018	June 12, 2018
February 7, 2018	$	0.27	February 26, 2018	March 13, 2018

It is the present intention of the Board of Directors to continue to pay a quarterly cash dividend; however, the declaration and payment of future dividends will be determined by the Board of Directors in its sole discretion and will depend upon the earnings, financial condition and capital needs of the Company, along with any other factors that the Board of Directors deems relevant.

On November 6, 2019, the Company’s Board of Directors declared a quarterly cash dividend of $0.35 per share of the Company’s outstanding common stock.  The dividend will be paid on December 10, 2019, to stockholders of record as of the close of business on November 25, 2019.