Spok Holdings, Inc. (SPOK) to Distribute Quarterly Dividend of $0.31 on December 9th

Spok Holdings, Inc. (NASDAQ:SPOK – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.3125 per share by the Wireless communications provider on Wednesday, December 9th. This represents a $1.25 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Wednesday, November 18th.

Spok has raised its dividend payment by an average of 0.2% per year over the last three years. Spok has a dividend payout ratio of 158.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Spok Stock Performance

Shares of SPOK stock opened at $11.78 on Friday. Spok has a one year low of $9.95 and a one year high of $14.58. The company’s 50-day moving average is $10.60 and its 200 day moving average is $11.30. The company has a market capitalization of $246.44 million, a price-to-earnings ratio of 13.24 and a beta of 0.47.

Spok (NASDAQ:SPOK – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.30. The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $34.70 million. Spok had a net margin of 13.88% and a return on equity of 13.17%.

Insiders Place Their Bets

In other Spok news, Director Christine Cournoyer sold 8,320 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $11.28, for a total transaction of $93,849.60. Following the transaction, the director owned 16,261 shares in the company, valued at approximately $183,424.08. This represents a 33.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.28% of the company’s stock.

Institutional Trading of Spok

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in Spok by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,261,579 shares of the Wireless communications provider’s stock valued at $13,751,000 after buying an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Spok by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 715,869 shares of the Wireless communications provider’s stock valued at $7,804,000 after buying an additional 12,043 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Spok in the 2nd quarter worth $2,397,000. Hsbc Holdings PLC boosted its stake in shares of Spok by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 60,331 shares of the Wireless communications provider’s stock worth $797,000 after buying an additional 6,262 shares during the last quarter. Finally, Keebeck Wealth Management grew its holdings in shares of Spok by 25.0% in the first quarter. Keebeck Wealth Management now owns 50,000 shares of the Wireless communications provider’s stock worth $545,000 after acquiring an additional 10,000 shares during the period. 50.81% of the stock is currently owned by institutional investors.

Spok Company Profile

(Get Free Report)

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company’s offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.

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Dividend History for Spok (NASDAQ:SPOK)

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