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

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Friday, May 24th will be given a dividend of 0.313 per share by the Wireless communications provider on Monday, June 24th. This represents a $1.25 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Thursday, May 23rd.

Spok has increased its dividend payment by an average of 35.7% annually over the last three years. Spok has a dividend payout ratio of 114.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Spok Stock Performance

Shares of SPOK traded down $0.07 during mid-day trading on Friday, hitting $14.38. The company’s stock had a trading volume of 211,158 shares, compared to its average volume of 149,946. The firm has a market capitalization of $291.20 million, a PE ratio of 17.43 and a beta of 0.27. Spok has a one year low of $10.46 and a one year high of $18.14. The stock’s 50-day moving average is $16.24 and its two-hundred day moving average is $15.92.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter. Spok had a return on equity of 10.15% and a net margin of 11.93%. The business had revenue of $34.91 million during the quarter.

Insider Activity at Spok

In related news, Director Todd J. Stein sold 25,927 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $17.92, for a total value of $464,611.84. Following the transaction, the director now directly owns 696,637 shares of the company’s stock, valued at approximately $12,483,735.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.88% of the stock is owned by corporate insiders.

Spok Company Profile

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.