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SHAREHOLDERS’ EQUITY
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
SHAREHOLDERS’ EQUITY

9. SHAREHOLDERS’ EQUITY

 

As of September 30, 2025 and December 31, 2024, 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 were 59,311, and total shares issued was 10,153,633.

 

 

During 2025 and 2024, 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 
September 12, 2025
  $0.34   October 8, 2025  $3,433,000 
June 17, 2025
  $0.34   July 10, 2025  $3,432,000 
March 25, 2025
  $0.34   April 22, 2025  $3,432,000 
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 

 

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.