Spok Holdings, Inc. (SPOK) Plans Quarterly Dividend of $0.13

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 has been the subject of several analyst reports. ValuEngine upgraded Spok from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. BidaskClub downgraded Spok from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th.

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.

About Spok

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.

Dividend History for Spok (NASDAQ:SPOK)

Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

JPMorgan Chase  Shares Sold by Parkside Investments LLC
JPMorgan Chase Shares Sold by Parkside Investments LLC
Palladium Partners LLC Has $23.35 Million Stake in Johnson & Johnson
Palladium Partners LLC Has $23.35 Million Stake in Johnson & Johnson
Heritage Wealth Advisors Buys 1,734 Shares of Microsoft Co.
Heritage Wealth Advisors Buys 1,734 Shares of Microsoft Co.
Horan Capital Advisors LLC. Has $295,000 Stake in General Electric
Horan Capital Advisors LLC. Has $295,000 Stake in General Electric
Victory Capital Management Inc. Has $92.42 Million Position in Apple
Victory Capital Management Inc. Has $92.42 Million Position in Apple
Millennium Management LLC Has $335,000 Position in K2M Group Holdings
Millennium Management LLC Has $335,000 Position in K2M Group Holdings


© 2006-2018 Ticker Report. Google+.