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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

16 – SUBSEQUENT EVENTS

On May 7, 2025, the Company announced a regular quarterly dividend of $0.15 per share to be paid on or about May 30, 2025 to shareholders of record as of May 22, 2025. The aggregate amount of the dividend is expected to be approximately $6.6 million based on the number of shares currently outstanding, and the Company anticipates funding the dividend from cash on hand at the time the payment is to be made.

On May 5, 2025, the Board of Directors approved a $50,000 share repurchase program. Pursuant to the authorized program, the Company may repurchase up to $50,000 of its shares. This program may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of common stock. The Company’s potential share repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions or in block trades, depending on market conditions and in accordance with applicable rules and regulations. The Board of Directors will periodically review the share repurchase program and may authorize adjustment of its terms and size.