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SHAREHOLDERS’ EQUITY
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
SHAREHOLDERS’ EQUITY

9. SHAREHOLDERS’ EQUITY

 

As of March 31, 2024 and December 31, 2023, the Company had 20,000,000 shares of common stock, with par value of $0.01 per share, authorized. For both periods, the total number of outstanding shares was 10,094,322, shares held in Treasury was 59,311, and total shares issued was 10,153,633.

 

During 2024 and 2023, upon approval of the Board of Directors (the “Board”) the Company has declared and paid regular quarterly dividends, as set forth in the following table:

 

Dividend Declared   Dividend Paid 
Date   Price Per Share   Date   Amount 
March 28, 2024
  $0.33   April 24, 2024
  $3,331,000 
December 6, 2023
  $0.33   January 4, 2024
  $3,332,000 
September 11, 2023  $0.33   October 6, 2023  $3,331,000 
June 13, 2023  $0.33   July 7, 2023  $3,332,000 
March 28, 2023  $0.32   April 24, 2023  $3,229,000 

 

It should be noted that from time to time, the Board may elect to pay special dividends, in addition to or in lieu of the regular quarterly dividends, depending upon the financial condition of the Company. The most recent special dividend was declared and paid in December 2019.