XML 26 R17.htm IDEA: XBRL DOCUMENT v3.23.1
Shareholders’ Equity
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Shareholders’ Equity

Note 11. Shareholders’ Equity

 

Dividends

 

In February 2023, the Company declared a regular quarterly dividend of $0.09 per share, or $0.36 per share on an annualized basis. The dividend was paid on April 28, 2023 to shareholders of record as of the close of business on March 31, 2023.

 

Earnings per Share

 

The following table sets forth the computation of the basic and diluted earnings per share for the three months ended March 31, 2023 and 2022:

 

   2023   2022 
   Three months ended 
   March 31, 
   2023   2022 
Numerator for basic and diluted earnings per shares          
Net Income  $48,372   $20,953 
           
Denominator          
Denominator for basic earnings per ordinary share - weighted average shares outstanding   47,674,773    47,674,773 
Effect of dilutive securities and stock dividend   -    - 
Denominator for diluted earnings per ordinary share - weighted average shares outstanding   47,674,773    47,674,773 
Basic earnings per ordinary share  $1.01   $0.44 
Diluted earnings per ordinary share  $1.01   $0.44