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Capital Stock and Dividends
 3 Months Ended
Mar. 30, 2024
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 Company's Board of Directors.

Dividends

During the first three months of fiscal 2024 and fiscal 2023, the Company's Board of Directors declared the following cash dividends:
Date DeclaredDividend Amount
Per Share of Common Stock		Record DateDate Paid
February 5, 2024$1.10 February 26, 2024March 12, 2024
February 8, 2023$1.03 February 27, 2023March 14, 2023

It is the present intention of the Company’s Board of Directors to continue to pay a quarterly cash dividend; however, the declaration and payment of future dividends will be determined by the Company’s 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 Company’s Board of Directors deem relevant.

On May 8, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $1.10 per share of the Company’s outstanding common stock. The dividend will be paid on June 11, 2024 to stockholders of record as of the close of business on May 28, 2024.