Note 14 - Preferred Stock |
6 Months Ended | ||
|---|---|---|---|
Apr. 30, 2026 | |||
| Preferred Stock | |||
| Preferred Stock |
On July 12, 2005, we issued 5,600 shares of 7.625% Series A preferred stock, with a liquidation preference of $25,000 per share. Dividends on Series A preferred stock are not cumulative and are payable at an annual rate of 7.625%. The Series A preferred stock is not convertible into the Company’s common stock and is redeemable in whole or in part at our option at the liquidation preference of the shares. The Series A preferred stock is traded as depositary shares, with each depositary share representing of a share of Series A preferred stock. We paid dividends of $2.7 million and $5.3 million on the Series A preferred stock for the three and six months ended April 30, 2026 and 2025, respectively. |