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Equity and Stock-Based Compensation
3 Months Ended
Apr. 30, 2019
Equity [Abstract]  
Equity and Stock-Based Compensation
Equity and Stock-Based Compensation
During the three months ended April 30, 2019, the Company’s Board of Directors (the "Board") declared quarterly dividends of $0.5625 per share for our Preferred Stock. The Board also approved the grant of 75,000 stock options during the first quarter of fiscal 2020. These options had an average option price of $4.06. Refer to Note 11 for additional details related to the issuance of preferred shares under the Company's ATM offering program.
Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three months ended April 30, 2019 and 2018 was approximately $172,000 and $126,000, respectively.