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Note 6 - Dividend Payable
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12 Months Ended |
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Dec. 31, 2011
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| Schedule of Dividends Payable [Table Text Block] |
Note
6 – Dividend Payable
On
March 9, 2011, the Company’s Board of Directors
(“BOD”) declared a first quarter dividend
payable from future earnings, of $0.05 per share which
was paid on April 14, 2011. On May 9, 2011, the
Company’s BOD declared a second quarter dividend
of $0.05 per share, payable from future earnings on
July 15, 2011, to the shareholders of record as of June
30, 2011. On August 9, 2011, the Company’s BOD
declared a third quarter dividend of $0.05 per share,
payable from future earnings on October 15, 2011, to
the shareholders of record as of September 30, 2011. On
November 8, 2011, the Company’s BOD declared a
fourth quarter dividend of $0.05 per share, payable
from future earnings on January 13, 2012, to the
shareholders of record as of December 30, 2011.
Dividend payable at December 31, 2011, was $1,679,628
and was paid on January 10, 2012. Declaration and
payment of future quarterly dividends will be made at
the discretion of the BOD.
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