Dividends & Splits

Stock Offerings
a) March 1985 Initial Public Offering $1.88/share
b) March 1996 Secondary Offering $9.20/share
Stock Splits
a) August 30, 1985 3 for 2 split
b) June 5, 1989 3 for 2 split
c) August 4, 1995 3 for 2 split
d) November 29, 2001 3 for 2 split
e) November 14, 2003 5 for 4 split
Dividend Policy
The company's Policy with respect to dividends is to pay a quarterly cash dividend representing a payout ratio of between 50% and 70% of the then current fiscal year net income forecast. In addition to the four quarterly dividend payments, the Company's Board of Directors may declare a special year-end cash and/or stock dividend. The Company has paid annual dividends since fiscal 1989 and quarterly dividends since fiscal 1995.
Stock Dividends
a) September 12, 1994 5% stock dividend
Cash Dividends
DeclaredPayableAmountType
01/26/1702/14/17$0.05Quarterly
10/26/1611/15/16$0.05Quarterly
08/18/1609/07/16$0.05Quarterly
04/20/1605/10/16$0.05Quarterly
01/27/1602/16/16$0.05Quarterly
10/21/1511/10/15$0.04Quarterly
08/19/1509/08/15$0.03Quarterly
04/22/1505/12/15$0.03Quarterly
01/28/1502/17/15$0.02Quarterly
11/05/1411/28/14$0.01Quarterly
08/20/1409/09/14$0.06Quarterly
04/23/1405/13/14$0.06Quarterly
01/22/1402/11/14$0.06Quarterly
10/23/1311/12/13$0.06Quarterly
08/21/1309/10/13$0.06Quarterly
04/26/1305/14/13$0.06Quarterly
12/04/1212/24/12$0.18Quarterly & Special Year End
10/24/1211/13/12$0.06Quarterly
08/15/1209/04/12$0.06Quarterly
04/25/1205/15/12$0.06Quarterly
01/25/1202/14/12$0.06Quarterly
10/26/1111/15/11$0.06Quarterly
08/17/1109/06/11$0.05Quarterly
04/27/1105/17/11$0.05Quarterly
01/26/1102/15/11$0.05Quarterly
10/18/1011/09/10$0.05Quarterly
08/18/1009/07/10$0.05Quarterly
04/21/1005/11/10$0.05Quarterly
01/20/1002/09/10$0.05Quarterly
10/20/0911/10/09$0.05Quarterly
08/19/0909/08/09$0.05Quarterly
04/22/0905/12/09$0.05Quarterly
01/21/0902/10/09$0.05Quarterly
10/22/0811/10/08$0.05Quarterly
08/20/0809/09/08$0.15Quarterly
04/23/0805/13/08$0.15Quarterly
01/23/0802/12/08$0.15Quarterly
10/24/0711/13/07$0.15Quarterly
08/22/0709/11/07$0.18Quarterly & Special Year End
04/25/0705/15/07$0.13Quarterly
01/24/0702/13/07$0.13Quarterly
10/25/0611/14/06$0.13Quarterly
08/22/0609/12/06$0.12Quarterly
04/26/0605/16/06$0.12Quarterly
01/25/0602/14/06$0.12Quarterly
10/27/0511/15/05$0.12Quarterly
08/24/0509/13/05$0.20Quarterly & Special Year End
04/27/0505/17/05$0.10Quarterly
01/25/0502/15/05$0.10Quarterly
10/26/0411/16/04$0.072Quarterly
08/11/0409/14/04$0.072Quarterly
04/27/0405/18/04$0.072Quarterly
01/20/0402/10/04$0.072Quarterly
10/20/0311/12/03$0.072Quarterly
08/13/0309/09/03$0.048Quarterly
04/22/0305/13/03$0.048Quarterly
01/28/0302/18/03$0.048Quarterly
10/21/0211/12/02$0.048Quarterly
08/14/0209/10/02$0.048Quarterly
04/22/0205/14/02$0.048Quarterly
01/21/0202/12/02$0.048Quarterly
10/23/0111/13/01$0.048Quarterly
08/15/0109/11/01$0.0453Quarterly
04/23/0105/15/01$0.0453Quarterly
01/22/0102/13/01$0.0453Quarterly
10/26/0011/14/00$0.0453Quarterly
08/17/0009/12/00$0.0693Quarterly & Special Year-End
04/25/0005/16/00$0.0427Quarterly
01/24/0002/15/00$0.0427Quarterly
10/25/9911/16/99$0.0427Quarterly
08/18/9909/14/99$0.0787Quarterly & Special Year-End
04/20/9905/18/99$0.036Quarterly
01/25/9902/16/99$0.036Quarterly
10/20/9811/17/98$0.036Quarterly
08/19/9809/15/98$0.0667Quarterly & Special Year-End
04/27/9805/19/98$0.0333Quarterly
01/27/9802/17/98$0.0333Quarterly
10/28/9711/18/97$0.0333Quarterly
08/08/9709/16/97$0.0533Quarterly & Special Year-End
04/28/9705/20/97$0.0267Quarterly
01/27/9702/18/97$0.0267Quarterly
10/29/9611/19/96$0.0267Quarterly
08/21/9609/17/96$0.0427Quarterly & Special Year-End
04/22/9605/18/96$0.0213Quarterly
01/16/9602/09/96$0.0213Quarterly
10/30/9511/13/95$0.0213Quarterly
08/18/9509/22/95$0.048Quarterly & Special Year-End
05/02/9505/22/95$0.0142Quarterly
01/25/9502/13/95$0.0142Quarterly
10/25/9411/14/94$0.0142Quarterly
08/23/9409/23/94$0.0356Annual
08/25/9309/27/93$0.0178Annual
08/14/9209/14/92$0.0178Annual
08/07/9109/13/91$0.0178Annual
08/13/9009/14/90$0.0178Annual
07/27/8909/15/89$0.0178Annual
08/01/8809/15/88$0.0118Annual