Spok Holdings, Inc. Plans Quarterly Dividend of $0.31 (NASDAQ:SPOK)

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.3125 per share by the Wireless communications provider on Monday, March 31st. This represents a $1.25 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend is Friday, March 14th.

Spok has increased its dividend payment by an average of 35.7% annually over the last three years.

Spok Price Performance

Spok stock opened at $16.94 on Friday. The stock has a market capitalization of $343.41 million, a PE ratio of 23.21 and a beta of 0.33. The business has a 50 day simple moving average of $16.21 and a 200-day simple moving average of $15.76. Spok has a 12 month low of $13.24 and a 12 month high of $18.14.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $33.89 million during the quarter, compared to analysts’ expectations of $35.50 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. On average, equities research analysts anticipate that Spok will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded shares of Spok from a “neutral” rating to a “buy” rating and upped their price target for the stock from $15.00 to $20.00 in a research report on Thursday.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.