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

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Wednesday, August 19th will be given a dividend of 0.3125 per share by the Wireless communications provider on Wednesday, September 9th. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Wednesday, August 19th.

Spok has raised its dividend by an average of 0.2%per year over the last three years. Spok has a dividend payout ratio of 158.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Spok Trading Up 0.6%

Shares of NASDAQ:SPOK opened at $10.96 on Thursday. The stock has a market capitalization of $228.95 million, a PE ratio of 18.27 and a beta of 0.47. Spok has a 1 year low of $9.95 and a 1 year high of $19.31. The firm has a fifty day moving average price of $10.63 and a 200 day moving average price of $11.59.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $35.01 million during the quarter, compared to analysts’ expectations of $34.30 million. Spok had a return on equity of 8.64% and a net margin of 9.27%. On average, sell-side analysts forecast that Spok will post 0.66 earnings per share for the current fiscal year.

Spok Company Profile

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.