Quarterly report [Sections 13 or 15(d)]

Note 18 - Subsequent Events

v3.26.1
Note 18 - Subsequent Events
9 Months Ended
Jul. 31, 2026
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 18. Subsequent Events

 

On September 2, 2026, the Company's Board of Directors approved the initiation of a regular quarterly cash dividend program and declared an initial quarterly cash dividend of $0.13 per share of common stock. The initial dividend is payable on October 2, 2026, to stockholders of record at the close of business on September 18, 2026.

 

The Company currently intends to pay regular quarterly cash dividends. The declaration and payment of any future dividend, however, will be subject to the discretion of the Board of Directors and applicable law. Future dividend declarations, amounts, record dates and payment dates will depend on, among other factors, the Company’s results of operations, cash flows, financial condition, capital requirements, contractual restrictions, available cash and other factors the Board considers relevant at the applicable time. The Board may modify, suspend or discontinue the dividend program at any time, and the program does not obligate the Company to declare any future dividends.