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SHAREHOLDERS EQUITY
12 Months Ended
Dec. 31, 2021
SHAREHOLDERS EQUITY  
SHAREHOLDERS EQUITY

7.SHAREHOLDERS EQUITY

Common Stock

The Company is authorized to issue up to 100,000,000 shares of common stock with a par value of one cent per share.

Preferred Stock

The Company is authorized to issue up to 5,000,000 shares of undesignated preferred stock with a par value of one cent per share and which can be issued in one or more series. The terms, price and conditions of the preferred shares will be set by the board of directors. No shares of preferred stock have been issued.

Dividends

The Company has paid consecutive quarterly cash dividends since May 2011. Dividend payments made for 2021, 2020 and 2019 were as follows:

    

    

    

Dividend

    

Payment

Record Date

Payment Date

(per share)

Amount

Q1 2019

March 18, 2019

March 25, 2019

$

0.18

$

2,052

Q2 2019

June 10, 2019

June 17, 2019

 

0.18

 

2,051

Q3 2019

September 9, 2019

September 16, 2019

 

0.18

 

2,053

Q4 2019

December 9, 2019

December 16, 2019

 

0.18

 

2,052

Total for 2019

  

$

0.72

$

8,208

  

 

  

 

  

Q1 2020

March 16, 2020

March 23, 2020

$

0.18

$

2,053

Q2 2020

June 8, 2020

June 15, 2020

 

0.18

 

2,053

Q3 2020

September 7, 2020

September 14, 2020

 

0.18

 

2,053

Q4 2020

December 7, 2020

December 14, 2020

 

0.18

 

2,053

Total for 2020

  

$

0.72

$

8,212

  

 

  

 

  

Q1 2021

March 15, 2021

March 22, 2021

$

0.18

$

2,054

Q2 2021

June 7, 2021

June 14, 2021

 

0.18

 

2,054

Q3 2021

September 3, 2021

September 13, 2021

 

0.18

 

2,054

Q4 2021

December 6, 2021

December 13, 2021

 

0.18

 

2,054

Total for 2021

  

$

0.72

$

8,216