Spok Holdings, Inc. (SPOK) to Issue Quarterly Dividend of $0.31 on June 24th

Spok Holdings, Inc. (NASDAQ:SPOK – Get Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Investors of record on Wednesday, May 25th will be given a dividend of 0.313 per share by the Wireless communications provider on Friday, June 24th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 17.06%. The ex-dividend date is Tuesday, May 24th. This is an increase from Spok’s previous quarterly dividend of $0.31.

SPOK stock opened at $7.34 on Friday. The company has a market capitalization of $144.52 million, a P/E ratio of -5.24 and a beta of 0.34. Spok has a 52-week low of $6.66 and a 52-week high of $11.94. The business has a 50-day simple moving average of $7.71 and a two-hundred day simple moving average of $8.85.

Spok (NASDAQ:SPOK – Get Rating) last released its quarterly earnings results on Thursday, February 17th. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $34.54 million for the quarter. Spok had a negative net margin of 19.36% and a negative return on equity of 4.38%.

In other news, CEO Vincent D. Kelly bought 5,000 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were purchased at an average price of $7.04 per share, with a total value of $35,200.00. Following the transaction, the chief executive officer now directly owns 266,898 shares in the company, valued at $1,878,961.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Oristano bought 15,000 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were purchased at an average cost of $7.10 per share, for a total transaction of $106,500.00. Following the transaction, the director now owns 75,448 shares in the company, valued at $535,680.80. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 22,313 shares of company stock worth $158,330. Insiders own 7.78% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Levin Capital Strategies L.P. bought a new stake in shares of Spok in the 4th quarter worth approximately $93,000. Personal Capital Advisors Corp raised its holdings in shares of Spok by 32.4% in the 1st quarter. Personal Capital Advisors Corp now owns 13,825 shares of the Wireless communications provider’s stock worth $110,000 after purchasing an additional 3,382 shares during the period. Two Sigma Investments LP bought a new stake in shares of Spok in the 3rd quarter worth approximately $197,000. Engineers Gate Manager LP raised its holdings in shares of Spok by 30.2% in the 1st quarter. Engineers Gate Manager LP now owns 40,631 shares of the Wireless communications provider’s stock worth $324,000 after purchasing an additional 9,418 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Spok by 31.9% in the 1st quarter. Invesco Ltd. now owns 40,868 shares of the Wireless communications provider’s stock worth $326,000 after purchasing an additional 9,877 shares during the period. 58.65% of the stock is currently owned by institutional investors.

Separately, StockNews.com started coverage on Spok in a research note on Thursday, March 31st. They set a “hold” rating for the company.

About Spok (Get Rating)

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It delivers clinical information to care teams when and where it matters to enhance patient outcomes. The company offers subscriptions to one-way or two-way messaging services; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers.

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