XML 34 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1
Subsequent Events
6 Months Ended
Dec. 31, 2024
Subsequent Events  
Subsequent Events

Note 11: Subsequent Events

On January 23, 2025, the Corporation announced that the 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 February 13, 2025 are entitled to receive the cash dividend. The cash dividend will be payable on March 6, 2025.

On January 23, 2025, the Corporation announced that the Board of Directors authorized the repurchase of up to five percent (5%) of the Corporation’s common stock, or approximately 334,773 shares. The Corporation plans to purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period subject to market conditions, the capital requirements of the Corporation, available cash and other relevant factors. Additionally, the stock repurchase program initiated in September 2023, which was extended on September 26, 2024, was terminated effective January 24, 2025. As a result, 21,691 shares that remained eligible for repurchase under the September 2023 program will no longer be repurchased.