Spok Holdings, Inc. (SPOK) Declares $0.13 Quarterly Dividend

Share on StockTwits

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, March 15th.

Shares of NASDAQ:SPOK traded up $0.60 during trading on Thursday, reaching $15.60. The stock had a trading volume of 93,917 shares, compared to its average volume of 121,266. Spok has a 52 week low of $13.75 and a 52 week high of $20.60. The firm has a market cap of $299.27, a price-to-earnings ratio of 33.98 and a beta of 0.54.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, February 28th. The Wireless communications provider reported $0.14 EPS for the quarter. Spok had a negative net margin of 8.94% and a positive return on equity of 2.88%. The company had revenue of $43.77 million for the quarter.

Spok declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $15.50, for a total value of $155,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.63% of the company’s stock.

A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Spok from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. ValuEngine lowered shares of Spok from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th.

COPYRIGHT VIOLATION WARNING: “Spok Holdings, Inc. (SPOK) Declares $0.13 Quarterly Dividend” was reported by BBNS and is the property of of BBNS. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://baseballnewssource.com/2018/04/05/spok-holdings-inc-spok-plans-quarterly-dividend-of-0-13/2028673.html.

Spok Company Profile

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.

Dividend History for Spok (NASDAQ:SPOK)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.