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Common Stock
 12 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Common Stock

12. Common Stock

 

During the year ended September 30, 2017, the following common stock transactions occurred:

 

  ● The Company acquired 89,685 shares of its own common stock at a cost of $1.1 million. These shares were subsequently retired.
     
  ● The Company paid quarterly dividends of $0.03 per share for an aggregate amount of $1.2 million.

 

During the year ended September 30, 2018, the Company paid quarterly dividends of $0.03 per share for an aggregate amount of $1.2 million.

 

During the year ended September 30, 2019, the following common stock transactions occurred:

 

  ● The Company acquired 128,040 shares of its own common stock at a cost of $2.9 million. These shares were subsequently retired.
     
  ● The Company paid quarterly dividends of $0.03 per share, except for the fourth quarter when $0.04 per share was paid, for an aggregate amount of $1.3 million.

 

Subsequent to September 30, 2019 through the filing date of this report, we purchased 332,671 shares of the Company’s common stock for a total of $6.4 million. On February 6, 2020, the Board of Directors increased the repurchase authorization by an additional $10.0 million.