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Dividend Program
9 Months Ended
Jan. 30, 2022
Text Block [Abstract]  
Dividend Program

19. Dividend Program

On March 2, 2022, our board of directors approved a quarterly cash dividend of $0.115 per share. This payment will be made on April 19, 2022, to shareholders of record as of April 11, 2022.

During the nine-month period ended January 30, 2022, dividend payments totaled $4.1 million, which represented quarterly dividend payments ranging from $0.11 per share to $0.115 per share. During the nine-month period ended January 31, 2021, dividend payments totaled $3.9 million, which represented quarterly dividend payments ranging from $0.105 per share to $0.11 per share.

Our board of directors has sole authority to determine if and when we will declare future dividends and on what terms. Future dividend payments will depend on our earnings, capital requirements, financial condition, excess availability under our lines of credit, market and economic conditions, and other factors we consider relevant.