Effective November 30, 2007, the Company’s Board of Directors approved the adoption of a variable dividend policy to replace the Company’s fixed dividend policy. Commencing with the third quarter of fiscal 2008 Cal-Maine began to pay a dividend to shareholders of its Common Stock and Class A Common Stock on a quarterly basis for each quarter for which the Company reports net income computed in accordance with generally accepted accounting principles in an amount equal to one-third (1/3) of such quarterly income. Following a quarter for which the Company does not report net income, the Company shall not pay a dividend for a subsequent profitable quarter until the Company is profitable on a cumulative basis computed from the date of the last quarter for which a dividend was paid.
Management and Board of Directors of Cal-Maine believe the variable dividend policy will more accurately reflect the results of our operations while recognizing and allowing for the cyclicality of the egg industry.
$0.423 per common share for the 3rd Qtr Fiscal 2013
$0.199 per common share for the 2nd Qtr Fiscal 2013
$0.130 per common share for the 1st Qtr Fiscal 2013
$0.520 per common share for the 4th Qtr Fiscal 2012
$0.364 per common share for 3rd Qtr Fiscal 2012
$0.325 per common share for 2nd Qtr Fiscal 2012
$0.044 per common share for 1st Qtr Fiscal 2012
$0.102 per common share for 4th Qtr Fiscal 2011
$0.470 per common share for 3rd Qtr Fiscal 2011
$0.212 per common share for 2nd Qtr Fiscal 2011
$0.067 per common share for 1st Qtr Fiscal 2011
$0.290 per common share for 4th Qtr Fiscal 2010
$0.48 per common share for 3rd Qtr Fiscal 2010
$0.172 per common share for 2nd Qtr Fiscal 2010
$0.000 per common share for 1st Qtr Fiscal 2010
$0.142 per common share for 4th Qtr Fiscal 2009
$0.432 per common share for 3rd Qtr Fiscal 2009
$0.382 per common share for 2nd Qtr Fiscal 2009
$0.157 per common share for 1st Qtr Fiscal 2009
$0.516 per common share for 4th Qtr Fiscal 2008
$0.807 per common share for 3rd Qtr Fiscal 2008