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Subsequent Events
9 Months Ended
Mar. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On April 29, 2014, the Corporation announced that the Corporation’s Board of Directors declared a quarterly cash dividend of $0.10 per share.  Shareholders of the Corporation’s common stock at the close of business on May 20, 2014 will be entitled to receive the cash dividend.  The cash dividend will be payable on June 11, 2014.

On May 9, 2014, the Corporation announced that the Corporation’s Board of Directors authorized the repurchase of up to five percent of the Corporation’s common stock, or approximately 476,960 shares. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase plan, among other considerations. The May 2014 stock repurchase program is effective immediately, since the Corporation has completed the November 2013 stock repurchase program by purchasing the remaining 129,675 shares during the quarter ending June 30, 2014.