ESPEY MFG & ELECTRONICS CORP Plans Quarterly Dividend of $0.25 (NYSE:ESP)

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) announced a quarterly dividend on Friday, June 6th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.25 per share on Monday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Monday, June 16th.

ESPEY MFG & ELECTRONICS Price Performance

NYSE ESP traded up $0.16 during trading on Friday, hitting $38.03. 22,112 shares of the stock traded hands, compared to its average volume of 17,228. ESPEY MFG & ELECTRONICS has a 12-month low of $20.50 and a 12-month high of $40.61. The stock has a market capitalization of $107.66 million, a PE ratio of 14.19 and a beta of 0.06.

Insider Activity

In other news, Director Paul J. Corr sold 1,600 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $36.38, for a total value of $58,208.00. Following the completion of the sale, the director now owns 20,439 shares of the company's stock, valued at $743,570.82. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David A. Oneil sold 5,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $35.80, for a total value of $179,000.00. Following the transaction, the chief executive officer now directly owns 5,000 shares in the company, valued at $179,000. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,600 shares of company stock worth $351,307. Corporate insiders own 6.78% of the company's stock.

Analyst Upgrades and Downgrades

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.

About ESPEY MFG & ELECTRONICS

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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