ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) to Issue $0.25 Quarterly Dividend

Key Points

• ESPEY MFG & ELECTRONICS CORP declared a quarterly dividend of $0.25 per share, payable on September 26th to stockholders of record as of September 19th, representing a 2.1% dividend yield.
• As of midday trading, ESPEY MFG & ELECTRONICS stock fell to $47.95, with a market cap of $135.75 million and a price-to-earnings ratio of 17.89.
• Analysts upgraded ESPEY MFG & ELECTRONICS from a "buy" to a "strong-buy" rating, indicating improved confidence in the company’s stock performance.

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) declared a quarterly dividend on Monday, September 8th, RTT News reports. Stockholders of record on Friday, September 19th will be paid a dividend of 0.25 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%.

ESPEY MFG & ELECTRONICS Price Performance

ESPEY MFG & ELECTRONICS stock traded down $2.17 during midday trading on Monday, hitting $47.95. 33,059 shares of the company were exchanged, compared to its average volume of 21,208. The company has a market cap of $135.75 million, a price-to-earnings ratio of 17.89 and a beta of 0.16. ESPEY MFG & ELECTRONICS has a fifty-two week low of $22.50 and a fifty-two week high of $52.68. The stock's fifty day simple moving average is $47.20.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded ESPEY MFG & ELECTRONICS from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 21st.

ESPEY MFG & ELECTRONICS Company Profile

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.

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