Annual report pursuant to Section 13 and 15(d)

Subsequent Events

Subsequent Events
12 Months Ended
Apr. 30, 2017
Subsequent Events

16. Subsequent Events

Quarterly Dividend Declaration

On June 20, 2017, the Board of Directors of the Company declared a cash dividend of $0.10 per share that will be paid on July 14, 2017 to holders of the Company’s common stock of record at the close of business on June 30, 2017. The declaration and payment of future dividends under the quarterly dividend policy will be at the discretion of the Board of Directors and will depend upon many factors, including the Company’s earnings, capital requirements, financial conditions, the terms of the Company’s indebtedness and other factors that the Board of Directors may deem to be relevant. The Board may amend, revoke or suspend the dividend policy at any time and for any reason.