Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) to Issue $0.25 Quarterly Dividend

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) declared a quarterly dividend on Thursday, June 4th. Shareholders of record on Monday, June 15th will be given a dividend of 0.25 per share on Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th.

Espey Mfg. & Electronics Stock Performance

ESP opened at $55.65 on Friday. Espey Mfg. & Electronics has a fifty-two week low of $36.00 and a fifty-two week high of $74.77. The company has a fifty day moving average of $62.71 and a two-hundred day moving average of $54.44. The stock has a market capitalization of $166.95 million, a price-to-earnings ratio of 14.68 and a beta of 0.36.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.11. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%. The company had revenue of $11.42 million during the quarter, compared to analysts’ expectations of $13.20 million.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.