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

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.3125 per share by the Wireless communications provider on Monday, March 31st. This represents a $1.25 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend is Friday, March 14th.

Spok has increased its dividend by an average of 35.7% annually over the last three years.

Spok Stock Performance

Shares of SPOK traded up $0.40 during trading hours on Thursday, reaching $16.94. 331,893 shares of the company traded hands, compared to its average volume of 92,884. Spok has a 1-year low of $13.24 and a 1-year high of $18.14. The stock has a market cap of $343.41 million, a P/E ratio of 23.21 and a beta of 0.33. The stock’s fifty day moving average is $16.20 and its 200 day moving average is $15.75.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $33.89 million for the quarter, compared to the consensus estimate of $35.50 million. On average, equities research analysts predict that Spok will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley upgraded shares of Spok from a “neutral” rating to a “buy” rating and lifted their price target for the company from $15.00 to $20.00 in a research note on Thursday.

About Spok

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.