Spok Holdings, Inc. (NASDAQ:SPOK) Plans Quarterly Dividend of $0.13
Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.125 per share by the Wireless communications provider on Friday, September 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Wednesday, August 16th.
Shares of Spok Holdings (NASDAQ:SPOK) opened at 16.75 on Tuesday. The company has a 50 day moving average of $17.09 and a 200-day moving average of $17.98. The firm has a market cap of $334.61 million, a price-to-earnings ratio of 36.49 and a beta of 0.65. Spok Holdings has a 12-month low of $15.85 and a 12-month high of $22.60.
Spok Holdings (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.07 EPS for the quarter. Spok Holdings had a net margin of 5.44% and a return on equity of 2.93%. The business had revenue of $42.33 million for the quarter. Analysts predict that Spok Holdings will post $0.90 EPS for the current year.
In related news, CEO Vincent D. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $17.61, for a total transaction of $176,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.63% of the company’s stock.
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Spok Holdings announced that its board has approved a stock repurchase program on Wednesday, April 26th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the Wireless communications provider to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Spok Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine lowered shares of Spok Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, TheStreet lowered shares of Spok Holdings from a “b-” rating to a “c” rating in a research note on Thursday, April 27th.
Spok Holdings Company Profile
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
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