Espey Manufacturing (ESP) Suspends Quarterly Dividend

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Espey Suspends Dividend

March 9, 2021 4:05 PM EST

SARATOGA SPRINGS, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has suspended its quarterly dividend.

The Board of Directors of Espey Mfg. & Electronics Corp. has determined to suspend payment of a cash dividend which, in accordance with practice, would have been declared and paid prior to the end of this month. In making the determination, the Board balanced the objective of maintaining Espeys strong position to address the business challenges caused by the... More