Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Investors of record on Friday, March 16th will be paid a dividend of 0.125 per share by the Wireless communications provider on Friday, March 30th. This represents a $0.50 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, March 15th.
Spok (SPOK) opened at $14.95 on Wednesday. The company has a market cap of $298.77, a price-to-earnings ratio of 33.92 and a beta of 0.59. Spok has a 52-week low of $13.75 and a 52-week high of $20.60.
Spok declared that its Board of Directors has approved a share repurchase program on Wednesday, February 28th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $15.50, for a total value of $155,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.63% of the stock is owned by company insiders.
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USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
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