Espey Manufacturing & Electronics Corp. (ESP) to Issue Quarterly Dividend of $0.25 on September 29th

Espey Manufacturing & Electronics Corp. (NYSE:ESP) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Investors of record on Monday, September 25th will be given a dividend of 0.25 per share on Friday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Friday, September 22nd.

Espey Manufacturing & Electronics Corp. has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Espey Manufacturing & Electronics Corp. to earn $0.01 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 10,000.0%.

Espey Manufacturing & Electronics Corp. (ESP) opened at 22.05 on Friday. The company has a 50 day moving average price of $22.71 and a 200-day moving average price of $23.13. Espey Manufacturing & Electronics Corp. has a 12-month low of $21.57 and a 12-month high of $27.65. The company has a market capitalization of $51.20 million and a PE ratio of 31.01.

Espey Manufacturing & Electronics Corp. (NYSE:ESP) last announced its quarterly earnings data on Thursday, September 14th. The company reported $0.08 earnings per share for the quarter. Espey Manufacturing & Electronics Corp. had a return on equity of 3.51% and a net margin of 5.24%. The business had revenue of $5.46 million during the quarter. On average, analysts anticipate that Espey Manufacturing & Electronics Corp. will post ($0.16) EPS for the current year.

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About Espey Manufacturing & Electronics Corp.

Espey Mfg. & Electronics Corp. (Espey) is a power electronics design and original equipment manufacturing (OEM) company. The Company is engaged in developing and delivering products for use in military and environment applications. The Company provides power energy conversion and transformer solutions.

Dividend History for Espey Manufacturing & Electronics Corp. (NYSE:ESP)

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