Espey Mfg. & Electronics Corp. Declares 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. Shareholders of record on Friday, December 20th will be paid a dividend of 0.25 per share on Friday, December 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. 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

Shares of ESP traded down $0.39 during mid-day trading on Tuesday, reaching $28.96. 15,110 shares of the company’s stock were exchanged, compared to its average volume of 15,061. Espey Mfg. & Electronics has a 52-week low of $17.52 and a 52-week high of $33.00. The stock has a market cap of $80.80 million, a price-to-earnings ratio of 11.90 and a beta of 0.15.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last issued its quarterly earnings data on Friday, September 27th. The company reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $11.61 million for the quarter. Espey Mfg. & Electronics had a return on equity of 15.66% and a net margin of 15.56%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Espey Mfg. & Electronics

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