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Capital Stock and Dividends
 9 Months Ended
Sep. 26, 2015
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 40,000 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 the first nine months of fiscal 2015 and 2014, the Board of Directors declared the following cash dividends:

Date Declared
 
Dividend Amount
Per Share
 
Record Date
 
Date Paid
August 3, 2015
 
$
0.20

 
August 17, 2015
 
September 1, 2015
May 4, 2015
 
$
0.20

 
May 18, 2015
 
June 2, 2015
February 4, 2015
 
$
0.16

 
February 23, 2015
 
March 10, 2015
 
 
 
 
 
 
 
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


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 other factors which the Board of Directors deems relevant.

On November 2, 2015, the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of the Company’s common stock.  The dividend will be paid on December 1, 2015 to stockholders of record as of the close of business on November 16, 2015.