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Note 8 - Stockholders' Equity
 3 Months Ended
Nov. 30, 2022
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

8.

STOCKHOLDERS’ EQUITY

 

On October 20, 2022, the Company’s Board of Directors declared a cash dividend of $0.07 per share of the Company’s common stock, payable on November 16, 2022 to stockholders of record on November 3, 2022. On October 20, 2021, the Company’s Board of Directors declared a cash dividend of $0.07 per share of the Company’s common stock, payable on November 17, 2021 to stockholders of record on November 3, 2021.

 

During the three months ended November 30, 2022 and 2021, the Company repurchased no shares of its common stock.

 

The Company issued 3,620 and 2,636 shares of common stock on September 1, 2022 and 2021, respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The ESPP is compensatory for financial reporting purposes. As of November 30, 2022, 65,600 shares of common stock remained available for sale under the ESPP.