ESP

Dividend Declaration: Espey Mfg. & Electronics Corp. has announced a quarterly dividend of $0.25 per share, payable on March 28, 2025, to shareholders recorded by March 21, 2025.

Company Overview: Espey specializes in the development and production of military and industrial power supplies and transformers, with additional information available on their website.

Dividends Declared by Companies: Progressive, Essential Properties Realty Trust, EastGroup Properties, and Espey Manufacturing & Electronics have all declared cash dividends for their shareholders, with payment dates set between March 28 and April 15, 2025.

EastGroup's Dividend History: EastGroup Properties has announced its 181st consecutive quarterly dividend, highlighting a strong track record of increasing or maintaining dividends for 32 years, including annual increases over the last 13 years.

CFO Retirement and Appointment: Espey Mfg. & Electronics Corp. announced the retirement of CFO Katrina Sparano and appointed Kaitlyn O'Neil as the new Principal Financial Officer and Treasurer, effective February 15, 2025.

Kaitlyn O'Neil's Background: O'Neil, a Certified Public Accountant with over 10 years of financial leadership experience, previously held positions at Octo Telematics North America, Precisely Holdings, and KPMG LLP.

New Contract Award: Espey Mfg. & Electronics Corp. has secured a $29.5 million contract to provide electric power distribution panels for the U.S. Navy's Columbia class submarines, which are set to replace the Ohio class fleet and feature an innovative electric drive propulsion system.

Company Commitment: The CEO of Espey expressed pride in continuing their partnership with General Dynamics Electric Boat and emphasized the importance of this contract in supporting U.S. military superiority through the dedication of their employees.

Contract Award: Espey Mfg. & Electronics has secured a $29.5 million contract to supply electric power distribution panels for the U.S. Navy's Columbia class submarines, which are set to replace the Ohio class fleet.

Project Timeline: Deliveries under this contract are anticipated to continue through 2030 for four of the twelve planned Columbia class submarines, which will feature an innovative electric drive propulsion system.

Dividend Declaration: Espey Mfg. & Electronics Corp. has announced a quarterly dividend of $0.25 per share, payable on December 27, 2024, to shareholders recorded by December 20, 2024.

Corporate Appointment: Ms. Jennifer Pickering has been appointed as Corporate Secretary following the retirement of Ms. Peggy A. Murphy, who served in the role since 1998 and was with the company for over 46 years.

Distribution Announcement: Brompton Funds will pay distributions on December 13, 2024, to class A and preferred shareholders of various funds, with amounts ranging from $0.075 to $0.10 per share for class A and $0.15948 for preferred shares.

Investment Fund Information: The funds offer a distribution reinvestment plan (DRIP) for class A shareholders, allowing them to reinvest distributions commission-free, and include important disclosures about fees, expenses, and forward-looking statements regarding fund performance.

Earnings Reports: Carnival Corporation is expected to report quarterly earnings of $1.16 per share, while US Foods Holding Corp has priced a $500 million offering of senior unsecured notes. Espey Mfg. & Electronics Corp reported an increase in earnings and sales, while The Glimpse Group, Inc. anticipates a quarterly loss.

Market Reactions: After-hours trading saw Carnival shares rise by 1%, US Foods by 2.2%, and Espey Mfg. by 9.6%, while ReposiTrak experienced a slight gain and The Glimpse Group's shares fell by 3.3%.

Financial Performance: Espey Mfg. & Electronics Corp. reported a fiscal year net sales increase to $38.7 million and a net income rise to $5.8 million for the year ending June 30, 2024, with a fourth quarter net sales of $11.6 million and net income of $1.9 million.

Operational Highlights: The company achieved record results in sales, new order bookings, and backlog, with new orders totaling approximately $52.4 million for the fiscal year, reflecting strong performance driven by employee dedication and customer choice.

Dividend Announcement: Espey Mfg. & Electronics Corp. has declared a quarterly dividend of $0.25 per share, marking a 25% increase from the previous dividend, payable on September 27, 2024.

Company Overview: Espey specializes in the development and production of military and industrial power supplies and transformers, with more information available on their website.