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The common stock of Sound Financial Bancorp is listed on The NASDAQ Capital Market under the symbol "SFBC." There were approximately 262 stockholders of record of our common stock at March 10, 2023.
+Added: Sound Financial Bancorp has historically paid cash dividends to its common stockholders.
+Added: During 2022, the Company paid a regular quarterly cash dividend of $0.17 per share and one special dividend of $0.10 per share.
Our cash dividend payout policy is reviewed regularly by management and the Board of Directors.
Any dividends declared and paid in the future would depend upon a number of factors, including capital requirements, our financial condition and results of operations, tax considerations, statutory and regulatory limitations, and general economic conditions.
−Removed: No assurances can be given that any dividends will be paid or that, if paid, will not be reduced or eliminated in future periods.
+Added: We currently expect our regular quarterly cash dividends will continue for the foreseeable future.
+Added: No assurances, however, can be given that any dividends will be paid or that, if paid, will not be reduced or eliminated in future periods.
Our future payment of dividends may depend, in part, upon receipt of dividends from Sound Community Bank, which are restricted by federal regulations.
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Issuer Purchases of Equity Securities
−Removed: On October 27, 2021, the Company announced that its Board of Directors authorized a new stock repurchase program effective on October 29, 2021, immediately following the expiration of the Company's prior stock repurchase program on October 28, 2021.
−Removed: Under the new repurchase program, the Company may repurchase its outstanding shares in the open market in an amount up to $2.0 million, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on October 29, 2021, continuing until the earlier of the completion of the repurchase or the next six months, depending upon market conditions.
−Removed: The Company’s Board of Directors also authorized management to enter into a trading plan with a registered broker-dealer in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to facilitate repurchases of its common stock pursuant to the above-mentioned stock repurchase program.
+Added: On April 25, 2022, the Company announced that its Board of Directors approved an extension of a previously announced stock repurchase program, which was set to expire on April 29, 2022, until October 29, 2022.
+Added: Under this program the Company was authorized to repurchase up to $2.0 million of its outstanding shares of common stock during the period ending October 29, 2022, from time to time in the open market, based on prevailing market prices, or in privately negotiated transactions.
+Added: On July 26, 2022, the Company announced that its Board of Directors amended the existing stock repurchase program to increase the authorized repurchase amount to $4.0 million and to extend the program maturity to January 31, 2023.
+Added: Subsequent to December
+Added: 31, 2022, the Company announced that its Board of Directors further extended the existing stock repurchase program, scheduled to expire on January 31, 2023, to July 31, 2023.
+Added: The actual timing, number and value of shares repurchased under the stock repurchase program will depend on a number of factors, including constraints specified pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the SEC, price, general business and market conditions, and alternative investment opportunities.
The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended December 31, 2022 :
−Removed: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximated Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
+Added: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
October 1, 2022 - October 31, 2022 — $ — — $ 2,140,223
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Total — $ — — $ 2,140,223
−Removed: (1) The Company may repurchase shares of its common stock from time-to-time in open market transactions.
−Removed: The timing, volume and price of purchases are made at our discretion, and are contingent upon our overall financial condition, as well as general market conditions.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.