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Dividend Program | 6 Months Ended
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Nov. 02, 2014
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Dividend Program | 18. Dividend Program During the first half of fiscal 2015, dividend payments totaled $6.1 million, of which $4.9 million represented a special cash dividend payment in the first quarter of $0.40 per share, and $1.2 million represented first and second quarter dividend payments of $0.05 per share. During the first half of fiscal 2014, we paid first and second quarter dividend payments of $0.04 per share totaling $979,000. On December 3, 2014, we announced that our board of directors approved a 20 percent increase in our quarterly cash dividend rate from $0.05 to $0.06 per share, commencing in the third quarter of fiscal 2015. This payment will be made on January 16, 2015, to shareholders of record as of January 2, 2015. 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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