Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Plans $0.25 Quarterly Dividend

Posted by Jessica Moore on Dec 11th, 2024

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP – Get Free Report) declared a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Friday, December 20th will be paid a dividend of 0.25 per share on Friday, December 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Friday, December 20th.

Espey Mfg. & Electronics has decreased its dividend payment by an average of 20.6% per year over the last three years.

Espey Mfg. & Electronics Price Performance

Shares of ESP stock opened at $28.86 on Wednesday. Espey Mfg. & Electronics has a 12-month low of $17.52 and a 12-month high of $33.00. The company has a market capitalization of $80.52 million, a P/E ratio of 11.77 and a beta of 0.15.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP – Get Free Report) last issued its quarterly earnings results on Friday, September 27th. The company reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $11.61 million during the quarter. Espey Mfg. & Electronics had a return on equity of 15.66% and a net margin of 15.56%.

Insider Buying and Selling

In related news, insider Peggy A. Murphy sold 1,018 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $29.40, for a total transaction of $29,929.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Espey Mfg. & Electronics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

Read Our Latest Research Report on ESP

About Espey Mfg. & Electronics

(Get Free Report)

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.