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Dividend Program
9 Months Ended
Feb. 02, 2020
Text Block [Abstract]  
Dividend Program

23. Dividend Program

On March 4, 2020, we announced that our board of directors approved a quarterly cash dividend of $0.105 per share that will be paid on April 15, 2020, to shareholders of record as of April 7, 2020.

During the nine-months ended February 2, 2020, dividend payments totaled $3.8 million, which represented quarterly dividend payments ranging from $0.10 per share to $0.105 per share. During the nine-months ended January 27, 2019, dividend payments totaled $3.5 million, which represented quarterly dividend payments ranging from $0.09 per share to $0.10 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.