Espey Reinstates Dividend and Declares Regular Quarterly Dividend of $0.10 Per Share

Rhea-AI Summary

The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has reinstated a quarterly dividend of $0.10 per share. This dividend is set to be paid on March 31, 2023, to shareholders on record as of March 24, 2023. Espey specializes in the development and production of military and industrial power supplies and transformers. The company's focus on specialized products supports its market position, aligning with the needs of defense and industry sectors.

Positive

• Reinstatement of quarterly dividend at $0.10 per share enhances shareholder income.
• Positive indication of company's financial stability and confidence in future earnings.

Negative

• None.

SARATOGA SPRINGS, N.Y., March 13, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has reinstated its quarterly dividend and has declared a regular quarterly dividend of $0.10 per share. The dividend will be payable on March 31, 2023 to all shareholders of record on March 24, 2023.

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 Ms. Katrina Sparano 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 Espey Mfg. (ESP)?

Espey Mfg. has declared a quarterly dividend of $0.10 per share.

When is the dividend payment date for Espey Mfg. (ESP)?

The dividend will be payable on March 31, 2023.

What is the record date for the dividend payment of Espey Mfg. (ESP)?

The record date for the dividend payment is March 24, 2023.

How often does Espey Mfg. (ESP) pay dividends?

Espey Mfg. typically pays dividends quarterly.

What type of business does Espey Mfg. (ESP) engage in?

Espey specializes in military and industrial power supplies and transformers.