StockNews.com started coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP – Free Report) in a report issued on Tuesday. The brokerage issued a buy rating on the stock.
Espey Mfg. & Electronics Trading Up 3.3 %
Shares of NYSEAMERICAN:ESP opened at $25.45 on Tuesday. Espey Mfg. & Electronics has a 1 year low of $14.69 and a 1 year high of $27.32. The company has a market capitalization of $69.48 million, a P/E ratio of 13.26 and a beta of 0.14.
Espey Mfg. & Electronics Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.93%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 41.67%.
Institutional Inflows and Outflows
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.
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