Espey Increases Quarterly Dividend From $0.175 To $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Espey Mfg. & Electronics Corp. (NYSE:ESP) has increased its quarterly dividend from $0.175 to $0.20 per share, a 14% rise. The dividend will be payable on June 24, 2024, to shareholders of record on June 17, 2024. Additionally, the company has signed a new employment agreement with its President and CEO, David O'Neil.
June 06, 2024 | 8:07 pm
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Espey Mfg. & Electronics Corp. has increased its quarterly dividend by 14% to $0.20 per share, indicating strong financial health and commitment to returning value to shareholders. The company also signed a new employment agreement with its CEO, David O'Neil.
The 14% increase in the quarterly dividend suggests that Espey Mfg. & Electronics Corp. is in a strong financial position and is committed to returning value to its shareholders. Additionally, the new employment agreement with the CEO provides stability in leadership, which is generally viewed positively by investors.
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