v3.26.1
Dividends
6 Months Ended
May 31, 2026
Dividends [Abstract]  
DIVIDENDS DIVIDENDS
Dividends are declared at the discretion of the Board. In both January and April 2026, the Company declared cash dividends of $0.14, to holders of record of its Class A and Class B common stock. In both January and April 2025, the Company declared cash dividends of $0.13 per share to holders of record of its Class A and Class B common stock. During the three and six months ended May 31, 2026, dividends were paid in the amount of $53.9 million and $107.7 million, respectively, compared to $51.4 million and $102.8 million, respectively for the same prior-year periods.
The Company does not have an established dividend policy. The Board reviews the Company’s ability to pay dividends on an ongoing basis and establishes the dividend amount based on the Company’s financial condition, results of operations, capital requirements, current and projected cash flows and other factors, and any restrictions related to the terms of the Company’s debt agreements.
Subsequent to the Company’s quarter end, the Board declared a cash dividend of $0.16 per share to holders of record of its Class A and Class B common stock at the close of business on July 22, 2026, for a total quarterly dividend of approximately $62 million.