Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Thursday, April 26th, Wall Street Journal reports. Investors of record on Friday, May 25th will be given a dividend of 0.125 per share by the Wireless communications provider on Friday, June 22nd. This represents a $0.50 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, May 24th.
Shares of Spok stock traded up $0.20 during midday trading on Thursday, hitting $15.55. 101,353 shares of the company were exchanged, compared to its average volume of 114,851. The company has a market capitalization of $306.28, a PE ratio of 34.77 and a beta of 0.54. Spok has a 52 week low of $13.75 and a 52 week high of $20.60.
Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, February 28th. The Wireless communications provider reported $0.14 EPS for the quarter. The business had revenue of $43.77 million during the quarter. Spok had a positive return on equity of 2.88% and a negative net margin of 8.94%.
Spok declared that its board has approved a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $15.50, for a total transaction of $155,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.63% of the company’s stock.
Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.
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