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Dividend Program | 3 Months Ended
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Aug. 03, 2014
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Dividend Program | 18. Dividend Program On June 12, 2014, we announced that our board of directors approved the payments of a special cash dividend of $0.40 per share and a quarterly cash dividend of $0.05 per share. These dividend payments were paid on July 15, 2014, to shareholders of record on July 1, 2014. During the first quarter of fiscal 2015, dividend payments totaled $5.5 million, of which $4.9 million represented the special cash dividend payment of $0.40 per share, and $611,000 represented the quarterly dividend payment of $0.05 per share. During the first quarter of fiscal 2014, we paid a quarterly dividend of $0.04 per share or $489,000. On September 4, 2014, we announced that our board of directors approved the payment of a quarterly cash dividend of $0.05 per share. This payment will be made on October 15, 2014, to shareholders of record as of October 1, 2014. Future dividend payments are subject to board approval and may be adjusted at the board’s discretion as business needs or market conditions change.

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