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Note 8 - Stockholders' Equity
3 Months Ended
Nov. 30, 2019
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
8.
STOCKHOLDERS’ EQUITY
 
On
June 3, 2019,
the Company’s Board of Directors declared a
two
-for-
one
stock split of the Company’s common stock effected in the form of a
100%
share dividend distributed on
June 28, 2019
to record holders as of
June 17, 2019.
All share and per share values have been adjusted to retroactively reflect the effect of the
two
-for-
one
stock split.
 
On
October 22, 2019,
the Company’s Board of Directors declared a cash dividend of
$0.065
per share of NTIC’s common stock, payable on
November 20, 2019
to stockholders of record on
November 6, 2019.
On
October 24, 2018,
the Company’s Board of Directors declared a cash dividend of
$0.06
per share of NTIC’s common stock, payable on
November 21, 2018
to stockholders of record on
November 7, 2018.
 
During the
three
months ended
November 30, 2019
and
2018,
the Company repurchased
no
shares of its common stock.
 
During the
three
months ended
November 30, 2019,
the Company granted stock options under the Northern Technologies International Corporation
2019
Stock Incentive Plan (the
2019
Plan) to purchase an aggregate of
300,770
shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is
$10.80.
The exercise price of the stock options is equal to the fair market value of the Company’s common stock on the date of grant. During the
three
months ended
November 30, 2019,
no
stock options to purchase common stock were exercised.
 
During the
three
months ended
November 30, 2018,
the Company granted stock options under the Northern Technologies International Corporation Amended and Restated
2007
Stock Incentive Plan (the
2007
Plan) to purchase an aggregate of
141,768
shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is
$18.23,
which was equal to the fair market value of the Company’s common stock on the date of grant. During the
three
months ended
November 30, 2018,
no
stock options to purchase common stock were exercised.
 
The Company issued
3,597
and
1,748
shares of common stock on
September 1, 2019
and
2018,
respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP).