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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) announced a quarterly dividend on Monday, December 9th,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 3.43%. The ex-dividend date is Friday, December 20th.

Espey Mfg. & Electronics has decreased its dividend by an average of 20.6% per year over the last three years.

Espey Mfg. & Electronics Stock Up 0.6 %

Shares of ESP traded up $0.16 during mid-day trading on Wednesday, reaching $29.12. 14,710 shares of the stock traded hands, compared to its average volume of 15,060. The firm has a market capitalization of $81.24 million, a P/E ratio of 11.77 and a beta of 0.15. Espey Mfg. & Electronics has a 12-month low of $17.52 and a 12-month high of $33.00.

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

Insider Buying and Selling

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 value of $29,929.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Espey Mfg. & Electronics

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.