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

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.313 per share by the Wireless communications provider on Monday, September 9th. This represents a $1.25 annualized dividend and a dividend yield of 8.14%. The ex-dividend date of this dividend is Monday, August 19th.

Spok has raised its dividend by an average of 35.7% per year over the last three years. Spok has a dividend payout ratio of 111.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Spok Price Performance

Spok stock opened at $15.39 on Friday. The firm has a market cap of $311.65 million, a PE ratio of 18.54 and a beta of 0.35. The stock’s fifty day moving average price is $15.18 and its two-hundred day moving average price is $15.75. Spok has a one year low of $11.23 and a one year high of $18.14.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $34.91 million for the quarter. Spok had a return on equity of 9.49% and a net margin of 11.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th.

Insider Activity

In related news, Director Barbara Peterson Byrne sold 5,955 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $15.18, for a total transaction of $90,396.90. Following the completion of the sale, the director now directly owns 30,473 shares in the company, valued at approximately $462,580.14. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 11.88% of the company’s stock.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.