Earnings Per Share
|9 Months Ended|
Sep. 30, 2019
|Earnings Per Share [Abstract]|
|Earnings Per Share||
8. EARNINGS PER SHARE
Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially diluted securities. The following table sets forth the computation of basic and diluted earnings per share:
Common stock dividends totaled $502,385 ($0.065 per share) and $500,020 ($0.065 per share) for the three months ended September 30, 2019 and 2018, respectively, and $1,508,086 ($0.13 per share) and $1,495,307 ($0.13 per share) for the nine months ended September 30, 2019 and 2018, respectively. The classification of these dividends for federal income tax purposes is expected to be determined after the Company’s fiscal year ending December 31, 2019.
The entire disclosure for earnings per share.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef