ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Plans Quarterly Dividend of $0.25

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) declared a quarterly dividend on Friday, June 6th, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.25 per share on Monday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, June 16th.

ESPEY MFG & ELECTRONICS Price Performance

Shares of NYSE:ESP opened at $37.72 on Friday. ESPEY MFG & ELECTRONICS has a fifty-two week low of $20.50 and a fifty-two week high of $40.61. The firm has a market cap of $106.79 million, a P/E ratio of 14.07 and a beta of 0.06.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of ESPEY MFG & ELECTRONICS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 21st.

Insider Buying and Selling at ESPEY MFG & ELECTRONICS

In other ESPEY MFG & ELECTRONICS news, Director Paul J. Corr sold 1,600 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $36.38, for a total transaction of $58,208.00. Following the completion of the transaction, the director now owns 20,439 shares in the company, valued at $743,570.82. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David A. Oneil sold 5,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $35.80, for a total transaction of $179,000.00. Following the transaction, the chief executive officer now owns 5,000 shares of the company’s stock, valued at $179,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,600 shares of company stock worth $351,307 over the last 90 days. 6.78% of the stock is owned by insiders.

ESPEY MFG & ELECTRONICS Company Profile

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.