Spok Holdings, Inc. (NASDAQ:SPOK) Announces Quarterly Dividend of $0.31

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.313 per share by the Wireless communications provider on Monday, December 9th. This represents a $1.25 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Monday, November 18th.

Spok has increased its dividend by an average of 35.7% annually over the last three years. Spok has a payout ratio of 143.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Spok to earn $0.87 per share next year, which means the company may not be able to cover its $1.25 annual dividend with an expected future payout ratio of 143.7%.

Spok Stock Performance

Shares of SPOK stock opened at $15.57 on Friday. Spok has a fifty-two week low of $13.24 and a fifty-two week high of $18.14. The company has a market cap of $315.51 million, a PE ratio of 21.33 and a beta of 0.33. The stock’s fifty day moving average price is $14.96 and its two-hundred day moving average price is $15.06.

Wall Street Analysts Forecast Growth

SPOK has been the topic of a number of recent analyst reports. StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. B. Riley began coverage on shares of Spok in a research note on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price target on the stock.

Insider Transactions at Spok

In other Spok news, CEO Vincent D. Kelly sold 45,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the completion of the transaction, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Vincent D. Kelly sold 45,000 shares of Spok stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at $2,990,395.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael W. Wallace sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total transaction of $370,000.00. Following the completion of the transaction, the chief operating officer now owns 49,465 shares of the company’s stock, valued at approximately $732,082. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.51% of the company’s stock.

Spok Company Profile

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.