Note 5 - Stockholders' Equity |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2025 | |||
| Notes to Financial Statements | |||
| Equity [Text Block] |
We are authorized to issue 245 million shares in total of all classes of stock consisting of 25 million shares of Class A common stock, 200 million shares of common stock, and 20 million shares of “blank check” preferred stock for which our Board of Directors has the authority to determine the rights, powers, limitations and restrictions. The rights of our common stock and Class A common stock are identical, except that our Class A common stock has 10 votes per share and our common stock has vote per share.
Our common stock and Class A common stock are entitled to receive cash dividends if declared, on an equal per-share basis. The Board of Directors declared a quarterly cash dividend of $0.08 per share on our common stock and Class A common stock to shareholders of record on March 14, 2025, June 13, 2025, March 15, 2024 and June 14, 2024, payable on March 31, 2025, June 30, 2025, March 28, 2024 and June 28, 2024, respectively. The total dividends declared and paid during the six-months ended June 30, 2025 and 2024 was $16 million and $16 million, respectively.
Under our various employee benefit plans, we may, at our discretion, issue authorized and unissued shares, or previously issued shares held in treasury, of our Class A common stock or common stock. As of June 30, 2025, we had reserved 16.8 million shares and 2.5 million shares of our common stock and Class A common stock, respectively, for future issuance under various employee benefit plans. |