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Shareholders’ Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Shareholders’ Equity

Note 11. Shareholders’ Equity

 

Dividends

 

On June 15, 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 July 31, 2023, to shareholders of record as of the close of business on June 30, 2022.

 

Earnings per Share

 

The following table sets forth the computation of the basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:

 

Schedule of Earnings Per Share, Basic and Diluted

                     
   Three months ended   Six months ended 
   June 30,   June 30, 
   2023   2022   2023   2022 
Numerator for basic and diluted earnings per share                    
Net Income  $52,565   $33,413   $100,937   $54,366 
                     
Denominator                    
Denominator for basic earnings per ordinary share - weighted average shares outstanding   47,674,041    47,674,773    47,674,403    47,674,773 
Effect of dilutive securities and stock dividend   -    -    -    - 
Denominator for diluted earnings per ordinary share - weighted average shares outstanding   47,674,041    47,674,773    47,674,403    47,674,773 
Basic earnings per ordinary share  $1.10   $0.70   $2.12   $1.14 
Diluted earnings per ordinary share  $1.10   $0.70   $2.12   $1.14