Payment of Dividends |
12 Months Ended |
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Dec. 31, 2015 | |
| Payments of Dividends [Abstract] | |
| Payment of Dividends |
Payment of Dividends
On November 17, 2015, the Company's Board of Directors voted to pay an annual dividend of $0.30 per share which was paid on December 8, 2015 to holders of record on November 27, 2015 for a total of $2,618,000. In 2014, the Company paid a $0.30 cash dividend on December 9, 2014 for a total of $2,633,000 and in 2013, the Company paid a $0.26 cash dividend on December 3, 2013 for a total payment of $2,260,000. The Board presently plans to review at the end of each fiscal year the financial performance and capital needed to support future growth to determine the amount of cash dividend, if any, which is appropriate.
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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