Item 5. Market for Registrant’s Common Equity
ITEM 5.
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Our common stock is traded on
the NYSE AMERICAN under the symbol “BDL”.
Holders
As of the close of business on
December 18, 2023, there were approximately 158 holders of record of our common stock.
Dividend Policy
During our fiscal year 2023, our
Board of Directors declared a cash dividend of $0.45 per share to shareholders of record on June 12, 2023 and was made payable on June
26, 2023. During our fiscal year 2022, our Board of Directors declared a cash dividend of $1.00 per share to shareholders of record on
March 31, 2022 and was made payable on April 19, 2022. Any future determination to pay cash dividends will be at our Board’s discretion
and will depend upon our financial condition, operating results, capital requirements and such other factors as our Board deems relevant.
.
Issuer Repurchases of Equity Securities
Pursuant to a discretionary plan
approved by the Board of Directors at its meeting on May 17, 2007, the Board of Directors authorized management to purchase up to 100,000
shares of our common stock, at a purchase price up to $15.00 per share. Since the Board’s 2007 authorization, we have purchased
an aggregate of 34,586 shares, none of which were purchased by us in our fiscal year 2023. As of September 30, 2023, we still have authority
to purchase 65,414 shares of our common stock under the discretionary plan approved by the Board of Directors.
ITEM 6.
RESERVED
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