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Capital Stock and Dividends
 12 Months Ended
Dec. 27, 2014
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. On May 1, 2014, the shareholders approved an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 200 million to 400 million. The Company is also authorized to issue 40,000 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 fiscal 2014 and 2013, the Company’s Board of Directors declared the following cash dividends:
Date Declared
 
Dividend Amount
Per Share
 
Stockholders of Record Date
 
Date Paid
October 29, 2014
 
$0.16
 
November 17, 2014
 
December 2, 2014
July 30, 2014
 
$0.16
 
August 18, 2014
 
September 3, 2014
April 30, 2014
 
$0.16
 
May 19, 2014
 
June 3, 2014
February 5, 2014
 
$0.13
 
February 24, 2014
 
March 11, 2014
 
 
 
 
 
 
 
October 30, 2013
 
$0.13
 
November 18, 2013
 
December 3, 2013
July 31, 2013
 
$0.13
 
August 19, 2013
 
September 4, 2013
May 1, 2013
 
$0.13
 
May 20, 2013
 
June 4, 2013
February 6, 2013
 
$0.10
 
February 25, 2013
 
March 12, 2013


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, as well as other factors which the Board of Directors deem relevant.

On February 4, 2015, the Company’s Board of Directors declared a quarterly cash dividend of $0.16 per share of common stock.  The dividend will be paid on March 10, 2015 to stockholders of record as of the close of business on February 23, 2015.