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Stockholders' Equity
6 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Stockholders' Equity

7. Stockholders’ Equity

 

During the three and six months ended March 31, 2019, the Company purchased and retired 70,700 and 84,811 common shares, respectively, at a cost of approximately $1.6 million and $2.0 million, respectively. The Company paid a $0.03 per share cash dividend per quarter totaling approximately $291,000 and $582,000 for the three and six months ended March 31, 2019, respectively.

 

During the three and six months ended March 31, 2018, the Company did not purchase shares of its common stock. The Company also paid a $0.03 per share cash dividend per quarter totaling approximately $291,000 and $583,000 for the three and six months ended March 31, 2018, respectively.

 

On January 2, 2019, the Company’s Board of Directors authorized an additional $10.0 million to repurchase the Company’s common stock. As of March 31, 2019, we have $11.2 million remaining to purchase additional shares under our share repurchase program.