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

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Tuesday, May 26th will be given a dividend of 0.3125 per share by the Wireless communications provider on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date is Tuesday, May 26th.

Spok has increased its dividend payment by an average of 0.2%annually over the last three years. Spok has a dividend 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.

Spok Stock Down 0.7%

SPOK traded down $0.08 during trading on Thursday, hitting $10.97. 150,379 shares of the stock were exchanged, compared to its average volume of 175,477. The firm has a market capitalization of $227.41 million, a P/E ratio of 14.41 and a beta of 0.49. Spok has a 1-year low of $9.95 and a 1-year high of $19.31. The stock has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $12.99.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, April 29th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Spok had a net margin of 11.37% and a return on equity of 10.63%. The company had revenue of $33.23 million during the quarter, compared to analyst estimates of $35.00 million. Analysts predict that Spok will post 0.66 EPS for the current year.

Spok Company Profile

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.