Espey Declares Regular Quarterly Dividend of $0.25 Per Share

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. This dividend is scheduled for payment on December 29, 2020, to shareholders on record as of December 22, 2020. Espey specializes in the development and production of military and industrial power supplies and transformers. Stakeholders are advised that future projections mentioned are subject to risks and uncertainties that could impact actual outcomes.

Positive

• Quarterly dividend of $0.25 per share enhances shareholder income.

Negative

• Forward-looking statements indicate potential risks and uncertainties.

News Market Reaction – ESP

-3.35%

-3.35% Session move

In the trading session that priced this news, ESP declined 3.35%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SARATOGA SPRINGS, N.Y., Dec. 07, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on December 29, 2020 to all shareholders of record on December 22, 2020.

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.

FAQ

What is the dividend amount declared by ESP?

Espey Mfg. & Electronics Corp. declared a dividend of $0.25 per share.

When is the dividend payment date for ESP?

The dividend will be payable on December 29, 2020.

Who is eligible for the dividend from ESP?

Shareholders on record as of December 22, 2020, are eligible for the dividend.

What are the business operations of Espey Mfg. & Electronics Corp.?

Espey specializes in the development, design, and production of military and industrial power supplies and transformers.

Are there any risks associated with Espey's forward-looking statements?

Yes, the forward-looking statements are subject to risks and uncertainties that could lead to actual results differing from expectations.