Espey Manufacturing & Electronics Corp. (ESP) Plans Quarterly Dividend of $0.25
Espey Manufacturing & Electronics Corp. (NYSE:ESP) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Monday, September 25th will be given a dividend of 0.25 per share on Friday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, September 22nd.
Espey Manufacturing & Electronics Corp. has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Espey Manufacturing & Electronics Corp. to earn $0.01 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 10,000.0%.
Espey Manufacturing & Electronics Corp. (NYSE ESP) remained flat at $22.05 during trading on Friday. The company had a trading volume of 13,341 shares. Espey Manufacturing & Electronics Corp. has a 12 month low of $21.57 and a 12 month high of $27.65. The firm has a market capitalization of $51.20 million and a PE ratio of 31.01. The stock’s 50 day moving average is $22.75 and its 200 day moving average is $23.15.
Espey Manufacturing & Electronics Corp. (NYSE:ESP) last issued its earnings results on Thursday, September 14th. The company reported $0.08 earnings per share (EPS) for the quarter. Espey Manufacturing & Electronics Corp. had a net margin of 5.24% and a return on equity of 3.51%. The company had revenue of $5.46 million for the quarter. Analysts anticipate that Espey Manufacturing & Electronics Corp. will post ($0.16) EPS for the current year.
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Espey Manufacturing & Electronics Corp. Company Profile
Espey Mfg. & Electronics Corp. (Espey) is a power electronics design and original equipment manufacturing (OEM) company. The Company is engaged in developing and delivering products for use in military and environment applications. The Company provides power energy conversion and transformer solutions.
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