Espey Mfg. & Electronics Corp. (ESP) to Issue Special Dividend of $0.75 on September 25th

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) declared a special dividend on Tuesday, September 8th. Stockholders of record on Friday, September 18th will be paid a dividend of 0.75 per share on Friday, September 25th. The ex-dividend date is Friday, September 18th.

Espey Mfg. & Electronics Trading Down 1.6%

Shares of NYSEAMERICAN:ESP opened at $62.11 on Thursday. The firm has a 50 day moving average of $61.28 and a 200-day moving average of $61.13. Espey Mfg. & Electronics has a 12 month low of $36.00 and a 12 month high of $74.77. The stock has a market capitalization of $186.33 million, a PE ratio of 16.39 and a beta of 0.37.

Wall Street Analyst Weigh In

Separately, Freedom Capital cut Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.