XML 39 R22.htm IDEA: XBRL DOCUMENT v3.25.0.1
SHAREHOLDERS’ EQUITY
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
SHAREHOLDERS’ EQUITY

12. SHAREHOLDERS’ EQUITY

 

As of December 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  
December 5, 2024   $ 0.34     January 7, 2025   $ 3,432,000  
September 11, 2024   $ 0.34     October 8, 2024   $ 3,432,000  
June 12, 2024   $ 0.34     July 10, 2024   $ 3,432,000  
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.