Quarterly Dividend and Share Repurchase Program

The Company also announced that on May 27, 2026, the Board of Directors approved a $0.05 increase in the regular quarterly dividend to $0.40 per share from $0.35 per share. A $0.40 payment will be made on June 24, 2026, for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 10, 2026.

During the first quarter of fiscal 2027, the Company repurchased 61,000 shares under its December 5, 2024, share repurchase program. As of April 30, 2026, the Company had $44.6 million remaining available under the share repurchase program.