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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) declared a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date 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 Price Performance

NYSEAMERICAN:ESP opened at $28.86 on Wednesday. Espey Mfg. & Electronics has a 1 year low of $17.52 and a 1 year high of $33.00. The company has a market capitalization of $80.52 million, a PE ratio of 11.77 and a beta of 0.15.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its earnings results on Friday, September 27th. The company reported $0.73 earnings per share (EPS) for the quarter. The company 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 Analysts Forecast Growth

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

Insider Activity at Espey Mfg. & Electronics

In other Espey Mfg. & Electronics news, insider Peggy A. Murphy sold 1,018 shares of Espey Mfg. & Electronics stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $29.40, for a total transaction of $29,929.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.78% of the stock is currently owned by company insiders.

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.