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Dividend Program
3 Months Ended
Jul. 28, 2013
Dividend Program
18.  Dividend Program
 
On June 12, 2013, we announced that our board of directors approved a 33% increase in payment of a quarterly cash dividend from $0.03 to $0.04 per share, commencing the first quarter of fiscal 2014. During the first quarter of fiscal 2014, dividend payments totaled $489,000 compared with $381,000 during the first quarter of fiscal 2013.

Future dividend payments are subject to board approval and may be adjusted at the board’s discretion as business needs or market conditions change.