Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Raises Dividend to $0.25 Per Share

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) declared a quarterly dividend on Monday, September 9th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Espey Mfg. & Electronics’s previous quarterly dividend of $0.20.

Espey Mfg. & Electronics has decreased its dividend by an average of 20.6% per year over the last three years.

Espey Mfg. & Electronics Stock Performance

Shares of Espey Mfg. & Electronics stock opened at $24.63 on Thursday. The stock has a market capitalization of $67.24 million, a PE ratio of 12.83 and a beta of 0.14. Espey Mfg. & Electronics has a one year low of $14.69 and a one year high of $27.32.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Espey Mfg. & Electronics in a report on Tuesday. They issued a “buy” rating on the stock.

About Espey Mfg. & Electronics

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.