Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Stockholders of record on Friday, March 16th will be given a dividend of 0.125 per share by the Wireless communications provider on Friday, March 30th. This represents a $0.50 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Thursday, March 15th.
SPOK stock traded up $0.15 on Wednesday, hitting $15.80. The stock had a trading volume of 4,005 shares, compared to its average volume of 112,676. Spok has a 1-year low of $13.75 and a 1-year high of $20.60. The stock has a market capitalization of $311.29, a price-to-earnings ratio of 35.34 and a beta of 0.59.
Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, February 28th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $43.77 million during the quarter. Spok had a positive return on equity of 2.88% and a negative net margin of 8.94%.
In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $15.50, for a total value of $155,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.63% of the stock is owned by company insiders.
Spok declared that its board has initiated a share buyback plan on Wednesday, February 28th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: “Spok Holdings, Inc. Announces Quarterly Dividend of $0.13 (SPOK)” was reported by BBNS and is the sole property of of BBNS. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://baseballnewssource.com/2018/03/21/spok-holdings-inc-spok-plans-quarterly-dividend-of-0-13/2028673.html.
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.