Spok Holdings, Inc. (SPOK) to Issue Quarterly Dividend of $0.31 on December 9th

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, October 29th. Investors of record on Tuesday, November 18th will be given a dividend of 0.3125 per share by the Wireless communications provider on Tuesday, December 9th. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Tuesday, November 18th.

Spok has raised its dividend by an average of 0.2%annually over the last three years. Spok has a payout ratio of 158.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Spok to earn $0.79 per share next year, which means the company may not be able to cover its $1.25 annual dividend with an expected future payout ratio of 158.2%.

Spok Stock Up 0.5%

NASDAQ:SPOK opened at $13.90 on Friday. The stock has a market cap of $286.31 million, a P/E ratio of 17.38 and a beta of 0.46. The business’s 50-day moving average price is $15.96 and its two-hundred day moving average price is $16.79. Spok has a twelve month low of $13.24 and a twelve month high of $19.31.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, October 29th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $33.87 million for the quarter, compared to analysts’ expectations of $35.90 million. Spok had a return on equity of 10.88% and a net margin of 11.88%. Spok has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Spok will post 0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Michael W. Wallace sold 10,806 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $17.87, for a total transaction of $193,103.22. Following the transaction, the chief operating officer owned 40,369 shares of the company’s stock, valued at approximately $721,394.03. This trade represents a 21.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent D. Kelly sold 25,000 shares of Spok stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total transaction of $442,250.00. Following the completion of the transaction, the chief executive officer owned 102,817 shares in the company, valued at approximately $1,818,832.73. The trade was a 19.56% decrease in their position. The SEC filing for this sale provides additional information. 7.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Spok

Institutional investors have recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in Spok in the 1st quarter worth $265,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Spok during the second quarter valued at about $197,634,000. Trexquant Investment LP boosted its holdings in shares of Spok by 34.6% during the first quarter. Trexquant Investment LP now owns 143,346 shares of the Wireless communications provider’s stock worth $2,357,000 after purchasing an additional 36,879 shares during the period. CWM LLC grew its stake in shares of Spok by 309.2% in the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Spok by 2.0% during the 1st quarter. Acadian Asset Management LLC now owns 376,932 shares of the Wireless communications provider’s stock valued at $6,195,000 after purchasing an additional 7,301 shares during the period. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

About Spok

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.