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

Spok Holdings, Inc. (NASDAQ:SPOK) declared 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) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Wednesday, August 19th.

Spok has raised its dividend by an average of 0.2%per year over the last three years. Spok has a dividend 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 Stock Down 1.9%

Shares of NASDAQ:SPOK opened at $10.75 on Friday. The business has a fifty day moving average of $10.62 and a two-hundred day moving average of $11.58. The stock has a market cap of $224.57 million, a P/E ratio of 18.53 and a beta of 0.47. Spok has a 52-week low of $9.95 and a 52-week high of $19.31.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $35.01 million for the quarter, compared to analyst estimates of $34.30 million. Spok had a return on equity of 8.42% and a net margin of 9.00%. On average, equities analysts anticipate that Spok will post 0.66 earnings per share for the current year.

About Spok

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.