Espey Manufacturing & Electronics Corp. (ESP) Announces Quarterly Dividend of $0.25

Espey Manufacturing & Electronics Corp. (NYSEAMERICAN:ESP) announced a quarterly dividend on Tuesday, December 5th, Wall Street Journal reports. Investors of record on Monday, December 18th will be given a dividend of 0.25 per share on Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, December 15th.

Espey Manufacturing & Electronics (NYSEAMERICAN:ESP) traded down $0.16 during mid-day trading on Tuesday, reaching $22.74. 1,100 shares of the company traded hands, compared to its average volume of 4,050. Espey Manufacturing & Electronics has a 1 year low of $21.07 and a 1 year high of $26.92.

Espey Manufacturing & Electronics (NYSEAMERICAN:ESP) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $0.19 EPS for the quarter. The company had revenue of $7.50 million during the quarter. Espey Manufacturing & Electronics had a net margin of 3.51% and a return on equity of 2.41%.

In related news, Director Paul J. Corr purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was acquired at an average price of $21.72 per share, for a total transaction of $130,320.00. Following the acquisition, the director now directly owns 13,407 shares of the company’s stock, valued at approximately $291,200.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alvin O. Sabo purchased 2,459 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was bought at an average price of $21.73 per share, with a total value of $53,434.07. Following the acquisition, the director now directly owns 13,407 shares in the company, valued at $291,334.11. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 9,063 shares of company stock valued at $196,740.

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About Espey Manufacturing & Electronics

Espey Mfg. & Electronics Corp. (Espey) is a power electronics design and original equipment manufacturing (OEM) company. The Company is engaged in developing and delivering products for use in military and environment applications. The Company provides power energy conversion and transformer solutions.

Dividend History for Espey Manufacturing & Electronics (NYSEAMERICAN:ESP)

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