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

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.3125 per share by the Wireless communications provider on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Spok Trading Up 0.6%

Spok stock opened at $10.96 on Thursday. Spok has a twelve month low of $9.95 and a twelve month high of $19.31. The stock has a 50 day moving average of $10.63 and a two-hundred day moving average of $11.59. The stock has a market capitalization of $228.95 million, a price-to-earnings ratio of 18.27 and a beta of 0.47.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. The company had revenue of $35.01 million for the quarter, compared to the consensus estimate of $34.30 million. Spok had a return on equity of 8.64% and a net margin of 9.27%. Equities analysts predict that Spok will post 0.66 earnings per share 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.