Espey Declares Regular Quarterly Dividend of $0.25 Per Share
The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a quarterly dividend of $0.25 per share, payable on June 25, 2020, to shareholders of record on June 19, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a quarterly dividend of $0.25 per share, payable on June 25, 2020, to shareholders of record on June 19, 2020. Espey's core business involves the development and production of specialized military and industrial power supplies and transformers. The Company emphasizes its commitment to shareholders through regular dividend payments.
Positive
- Quarterly dividend of $0.25 demonstrates company commitment to returning value to shareholders.
Negative
- None.
Details
News Market Reaction – ESP
The recorded move for ESP in the trading session of this news was +1.06%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SARATOGA SPRINGS, N.Y., June 08, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of
Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com.
For further information, contact Mr. David O'Neil at (518) 245-4400.
Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.
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