Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, May 24th will be given a dividend of 0.313 per share by the Wireless communications provider on Monday, June 24th. This represents a $1.25 annualized dividend and a dividend yield of 8.71%. The ex-dividend date of this dividend is Thursday, May 23rd.
Spok has increased its dividend by an average of 35.7% per year over the last three years. Spok has a payout ratio of 114.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Spok Trading Down 0.5 %
NASDAQ SPOK traded down $0.07 on Friday, hitting $14.38. 210,628 shares of the company's stock were exchanged, compared to its average volume of 149,946. Spok has a 52 week low of $10.46 and a 52 week high of $18.14. The stock has a 50-day moving average of $16.24 and a 200-day moving average of $15.92. The stock has a market cap of $291.20 million, a price-to-earnings ratio of 17.43 and a beta of 0.27.
Spok (NASDAQ:SPOK - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share for the quarter. The business had revenue of $34.91 million for the quarter. Spok had a return on equity of 10.15% and a net margin of 11.93%.
Insider Buying and Selling at Spok
In other news, Director Todd J. Stein sold 25,927 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $17.92, for a total value of $464,611.84. Following the completion of the transaction, the director now directly owns 696,637 shares in the company, valued at approximately $12,483,735.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.88% of the company's stock.
About Spok
(
Get Free Report)
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.
Further Reading
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