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

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.3125 per share by the Wireless communications provider on Monday, March 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date is Friday, March 14th.

Spok has increased its dividend payment by an average of 35.7% per year over the last three years. Spok has a payout ratio of 156.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Performance

Shares of NASDAQ SPOK traded down $0.22 during mid-day trading on Monday, reaching $16.63. The company had a trading volume of 276,236 shares, compared to its average volume of 98,958. Spok has a one year low of $13.24 and a one year high of $18.14. The firm has a market cap of $337.12 million, a price-to-earnings ratio of 22.78 and a beta of 0.33. The business's 50-day simple moving average is $16.25 and its 200 day simple moving average is $15.79.

Spok (NASDAQ:SPOK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $33.89 million during the quarter, compared to analyst estimates of $35.50 million. Spok had a net margin of 10.66% and a return on equity of 9.20%. On average, sell-side analysts anticipate that Spok will post 0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised Spok from a "neutral" rating to a "buy" rating and raised their price objective for the company from $15.00 to $20.00 in a research note on Thursday.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.