Spok Holdings, Inc. (SPOK) To Go Ex-Dividend on August 19th

Spok Holdings, Inc. (NASDAQ:SPOK) declared a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Stockholders of record on Tuesday, August 19th will be given a dividend of 0.3125 per share by the Wireless communications provider on Tuesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, August 19th.

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. 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 Trading Down 0.1%

Shares of Spok stock opened at $18.41 on Friday. The company has a market capitalization of $379.06 million, a PE ratio of 22.18 and a beta of 0.57. Spok has a 12 month low of $13.55 and a 12 month high of $19.31. The stock’s fifty day simple moving average is $17.57 and its 200 day simple moving average is $16.62.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, July 30th. The Wireless communications provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $35.69 million for the quarter, compared to the consensus estimate of $35.00 million. Spok had a return on equity of 11.11% and a net margin of 12.12%. Analysts predict that Spok will post 0.76 EPS for the current fiscal year.

About Spok

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.