NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Declares Quarterly Dividend of $0.14

Key Points

• NAPCO Security Technologies, Inc. has declared a quarterly dividend of $0.14 per share, payable on October 3rd to investors of record as of September 12th, marking an annual yield of 1.8%.
• The company maintains a dividend payout ratio of 47.5%, indicating strong earnings coverage for its dividend, with analysts projecting an estimated earnings per share of $1.45 next year.
• Institutional investors hold 85.07% of NAPCO's stock, signaling strong interest and investment support in the company as it continues to expand in the electronic security market.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) announced a quarterly dividend on Thursday, August 21st, RTT News reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.14 per share by the industrial products company on Friday, October 3rd. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 12th.

NAPCO Security Technologies has a dividend payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Analysts expect NAPCO Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 38.6%.

NAPCO Security Technologies Trading Down 0.2%

Shares of NASDAQ:NSSC traded down $0.08 during trading on Thursday, hitting $38.33. 434,830 shares of the company's stock were exchanged, compared to its average volume of 364,246. The firm has a 50-day moving average price of $30.76 and a two-hundred day moving average price of $26.99. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $48.75. The firm has a market cap of $1.37 billion, a P/E ratio of 32.28 and a beta of 1.42.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. During the same quarter last year, the firm earned $0.39 EPS. NAPCO Security Technologies's quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.