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Capital Stock and Dividends
6 Months Ended
Jun. 26, 2021
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 six months of fiscal 2021 and 2020, the Company's Board of Directors declared the following cash dividends:
Date DeclaredDividend Amount
Per Share of Common Stock
Record DateDate Paid
May 5, 2021$0.52 May 24, 2021June 8, 2021
January 27, 2021$0.52 February 22, 2021March 9, 2021
May 6, 2020$0.35 May 26, 2020June 9, 2020
February 5, 2020$0.35 February 24, 2020March 10, 2020

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 August 4, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $0.52 per share of the Company’s outstanding common stock. The dividend will be paid on September 8, 2021, to stockholders of record as of the close of business on August 23, 2021.