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

Spok Holdings, Inc. (NASDAQ:SPOK) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.3125 per share by the Wireless communications provider on Monday, March 31st. This represents a $1.25 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Friday, March 14th.

Spok has raised its dividend payment by an average of 35.7% per year over the last three years. Spok has a payout ratio of 156.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Down 1.0 %

Spok stock opened at $16.32 on Wednesday. The stock has a market cap of $333.24 million, a P/E ratio of 22.36 and a beta of 0.29. Spok has a 52 week low of $13.24 and a 52 week high of $17.96. The company’s 50 day moving average price is $16.30 and its two-hundred day moving average price is $15.86.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SPOK. StockNews.com raised Spok from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. B. Riley upgraded Spok from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $20.00 in a research note on Thursday, February 27th.

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.