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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) declared a quarterly dividend on Monday, September 9th, Wall Street Journal reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.25 per share on Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date 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 payment 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 Price Performance

Shares of ESP stock traded up $0.37 on Tuesday, reaching $24.25. 3,672 shares of the company were exchanged, compared to its average volume of 10,573. The stock has a market capitalization of $66.20 million, a PE ratio of 12.63 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 downgraded Espey Mfg. & Electronics from a "strong-buy" rating to a "buy" rating in a research note 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.