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Subsequent Events
9 Months Ended
Mar. 31, 2020
Subsequent Events  
Subsequent Events

Note 12: Subsequent Events

On April 30, 2020, the Corporation announced that the Corporation’s Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Corporation’s common stock at the close of business on May 21, 2020  are entitled to receive the cash dividend. The cash dividend will be payable on June 11, 2020.

On April 30, 2020, 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 371,815 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 program, among other considerations.