EQUITY TRANSACTIONS |
6 Months Ended |
|---|---|
Apr. 30, 2026 | |
| EQUITY TRANSACTIONS | |
| EQUITY TRANSACTIONS | NOTE G – EQUITY TRANSACTIONS
On June 13, 2014, the Board of Directors of the Company authorized the Company to repurchase up to two million shares of its outstanding common stock under the Company Stock Repurchase Program (the “Repurchase Program”). The timing, manner, price and amount of any repurchases under the Repurchase Program will be at the discretion of the Company, subject to the requirements of the Securities Exchange Act of 1934, as amended, and related rules. The Repurchase Program does not oblige the Company to repurchase any shares, and it may be modified, suspended or terminated at any time and for any reason. No shares will be repurchased under the Repurchase Program directly from directors or officers of the Company. As of April 30, 2026 and October 31, 2025, a total of 555,008 and 550,708 shares of the Company’s common stock were purchased under the Repurchase Program for an aggregate amount of $518,704 and $516,314, respectively. As of April 30, 2026, the Company has 1,444,992 shares of common stock available for future repurchases under the Repurchase Program.
On January 28, 2026, the Board of Directors of the Company declared a cash dividend of $0.075 per common share for shareholders of record as of the close of business on February 27, 2026. Accordingly, an aggregate dividend payment of $1,717,627 was paid on March 20, 2026. |