Espey Mfg. & Electronics Corp. (ESP) to Issue Quarterly Dividend of $0.25 on December 27th

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) declared a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.25 per share on Friday, December 27th. This represents a $1.00 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, December 20th.

Espey Mfg. & Electronics has decreased its dividend payment by an average of 20.6% annually over the last three years.

Espey Mfg. & Electronics Trading Up 0.6 %

Shares of Espey Mfg. & Electronics stock traded up $0.16 during trading hours on Wednesday, hitting $29.12. The company had a trading volume of 14,710 shares, compared to its average volume of 15,060. Espey Mfg. & Electronics has a twelve month low of $17.52 and a twelve month high of $33.00. The stock has a market cap of $81.24 million, a price-to-earnings ratio of 11.77 and a beta of 0.15.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last issued its earnings results on Friday, September 27th. The company reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $11.61 million during the quarter. Espey Mfg. & Electronics had a net margin of 15.56% and a return on equity of 15.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Espey Mfg. & Electronics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

Insiders Place Their Bets

In related news, insider Peggy A. Murphy sold 1,018 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $29.40, for a total value of $29,929.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.78% of the stock is owned by corporate insiders.

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.