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Note 8 - Stockholders' Equity
 9 Months Ended
May 31, 2021
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

8.         STOCKHOLDERS’ EQUITY

 

On April 23, 2020, the Company announced the temporary suspension of its quarterly cash dividend pending clarity on the financial impact of COVID-19 on the Company. On January 15, 2021, the Company announced the reinstatement of its quarterly cash dividend. During the nine months ended May 31, 2021, the Company’s Board of Directors declared cash dividends on the following dates in the following amounts to holders of record of the Company’s common stock as of the following record dates:

 

Declaration Date

 

Amount

 

Record Date

 

Payable Date

January 15, 2021

 

$0.065

 

February 3, 2021

 

February 17, 2021

April 23, 2021

 

$0.065

 

May 5, 2021

 

May 19, 2021

 

During the nine months ended May 31, 2020, the Company’s Board of Directors declared cash dividends on the following dates in the following amounts to holders of record of the Company’s common stock as of the following record dates:

 

Declaration Date

 

Amount

 

Record Date

 

Payable Date

October 22, 2019 

$0.065

 

November 6, 2019

 

November 20, 2019

January 22, 2020

 

$0.065

 February 5, 2020 

February 19, 2020

 

During the nine months ended May 31, 2021 and 2020, the Company repurchased no shares of its common stock.

 

The Company issued 4,646 and 3,597 shares of common stock on September 1, 2020 and 2019, respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The Company issued 5,225 and 2,754 shares of common stock on March 1, 2021 and 2020, respectively, under the ESPP. The ESPP is compensatory for financial reporting purposes. As of May 31, 2021, 74,822 shares of common stock remained available for sale under the ESPP.