Spok Holdings, Inc. Plans Quarterly Dividend of $0.31 (NASDAQ:SPOK)

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Monday, March 16th will be given a dividend of 0.3125 per share by the Wireless communications provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, March 16th.

Spok has raised its dividend by an average of 0.2%per year over the last three years. Spok has a dividend payout ratio of 158.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Spok to earn $0.79 per share next year, which means the company may not be able to cover its $1.25 annual dividend with an expected future payout ratio of 158.2%.

Spok Price Performance

SPOK stock traded down $1.59 on Thursday, reaching $12.18. 413,847 shares of the company traded hands, compared to its average volume of 168,827. The firm has a fifty day simple moving average of $13.33 and a 200-day simple moving average of $14.87. The company has a market cap of $250.99 million, a P/E ratio of 15.33 and a beta of 0.41. Spok has a one year low of $11.81 and a one year high of $19.31.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, February 25th. The Wireless communications provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $33.86 million during the quarter, compared to analysts’ expectations of $34.60 million. Spok had a return on equity of 10.95% and a net margin of 11.88%. On average, sell-side analysts forecast that Spok will post 0.76 EPS for the current year.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.