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Subsequent Events | 3 Months Ended
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Sep. 30, 2014
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On October 30, 2014, the Corporation announced that the Corporation’s Board of Directors declared a quarterly cash dividend of $0.11 per share. Shareholders of the Corporation’s common stock at the close of business on November 20, 2014 will be entitled to receive the cash dividend. The cash dividend will be payable on December 12, 2014. On October 30, 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 453,212 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 October 2014 stock repurchase program will commence once the Corporation has completed the May 2014 stock repurchase program by purchasing the remaining 87,823 shares available under the May 2014 plan.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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