Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Announces Quarterly Dividend of $0.25

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) declared a quarterly dividend on Monday, September 9th, Wall Street Journal reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.25 per share on Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, September 20th. This is a positive change from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20.

Espey Mfg. & Electronics has decreased its dividend by an average of 20.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Espey Mfg. & Electronics Stock Performance

Shares of ESP opened at $24.25 on Wednesday. Espey Mfg. & Electronics has a 1-year low of $14.69 and a 1-year high of $27.32. The stock has a market cap of $66.20 million, a PE ratio of 12.63 and a beta of 0.14.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Espey Mfg. & Electronics from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 19th.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.