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

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.3125 per share by the Wireless communications provider on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Wednesday, August 19th.

Spok has increased 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.

Spok Stock Up 0.6%

Shares of NASDAQ SPOK opened at $10.96 on Thursday. The firm’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $11.59. The company has a market cap of $228.95 million, a price-to-earnings ratio of 18.27 and a beta of 0.47. Spok has a 12-month low of $9.95 and a 12-month high of $19.31.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. Spok had a net margin of 9.27% and a return on equity of 8.64%. The firm had revenue of $35.01 million during the quarter, compared to analysts’ expectations of $34.30 million. On average, equities analysts expect that Spok will post 0.66 earnings per share for the current year.

Insider Activity

In other Spok news, CEO Vincent D. Kelly purchased 5,000 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $10.67 per share, for a total transaction of $53,350.00. Following the transaction, the chief executive officer directly owned 162,565 shares in the company, valued at $1,734,568.55. This represents a 3.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 7.28% of the company’s stock.

Hedge Funds Weigh In On Spok

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in Spok by 305.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,353 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Spok by 69.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,013 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Spok by 182.8% in the 4th quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider’s stock worth $40,000 after purchasing an additional 2,004 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Spok by 40.0% during the second quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 747 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Spok by 319.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 2,113 shares during the period. 50.81% of the stock is owned by institutional investors.

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.