Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) to Issue Quarterly Dividend of $0.25

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) announced a quarterly dividend on Tuesday, September 10th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.25 per share on Friday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, September 20th. This is a boost from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20.

Espey Mfg. & Electronics has decreased its dividend by an average of 20.6% annually over the last three years and has increased its dividend every year for the last 1 years.

Espey Mfg. & Electronics Stock Performance

Shares of ESP traded up $0.37 during trading hours on Tuesday, hitting $24.25. 3,333 shares of the company were exchanged, compared to its average volume of 10,571. The firm has a market cap of $66.20 million, a P/E ratio of 12.44 and a beta of 0.14. Espey Mfg. & Electronics has a fifty-two week low of $14.69 and a fifty-two week high of $27.32.

Analyst Ratings Changes

Separately, StockNews.com lowered Espey Mfg. & Electronics from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 19th.

Espey Mfg. & Electronics Company Profile

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.