Spok Holdings, Inc. (SPOK) to Issue Quarterly Dividend of $0.31 on March 31st

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.3125 per share by the Wireless communications provider on Monday, March 31st. This represents a $1.25 annualized dividend and a dividend yield of 7.42%. The ex-dividend date of this dividend is Friday, March 14th.

Spok has raised its dividend payment by an average of 35.7% annually over the last three years.

Spok Trading Down 0.5 %

Shares of Spok stock traded down $0.09 during trading hours on Friday, reaching $16.85. The stock had a trading volume of 151,724 shares, compared to its average volume of 94,413. Spok has a twelve month low of $13.24 and a twelve month high of $18.14. The stock’s 50 day moving average is $16.21 and its 200 day moving average is $15.76. The firm has a market capitalization of $341.58 million, a PE ratio of 23.08 and a beta of 0.33.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $33.89 million for the quarter, compared to analysts’ expectations of $35.50 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. As a group, sell-side analysts predict that Spok will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Spok from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $20.00 in a research note on Thursday.

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.