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Dividend Program

6 Months Ended

Nov. 03, 2019

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Dividend Program

23. Dividend Program

On December 5, 2019, we announced that our board of directors approved a quarterly cash dividend of $0.105 cents per share or $0.42 per share on annualized basis.. This payment will be made on January 17, 2020, to shareholders of record as of January 8, 2020.

During the six-months ended November 3, 2019, dividend payments totaled $2.5 million, which represented quarterly dividend payments of $0.10 per share. During the six-months ended October 28, 2018, dividend payments totaled $2.3 million, which represented quarterly dividend payments of $0.09 per share.

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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The entire disclosure for dividends paid or to be paid and the expected dates of payment.

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