Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity
Securities
Price Range of Common Stock
The table below shows the range of high and
low prices for the Company's common stock on the NYSE American (symbol "ESP"), the principal market for trading in the common
stock, for each quarterly period for the last two fiscal years ended June 30:
2023
High
Low
First Quarter
$ 15.54
$ 13.05
Second Quarter
14.49
13.02
Third Quarter
20.59
14.17
Fourth Quarter
22.96
15.81
2022
High
Low
First Quarter
$ 15.40
$ 13.72
Second Quarter
16.57
12.76
Third Quarter
14.34
12.92
Fourth Quarter
15.79
12.39
Holders
The approximate number of holders of record
of the common stock was 58 on September 18, 2023 according to records of the Company's transfer agent. Included in this number are shares
held in "nominee" or "street" name and, therefore, the number of beneficial owners of the common stock is believed
to be substantially in excess of the foregoing number.
Dividends
Effective March 13, 2023, the Company reinstated
payment of a quarterly dividend. The Company had suspended dividend payments effective March 9, 2021. The Company paid regular cash dividends
on common stock of $0.20 per share for the fiscal year ended June 30, 2023 and paid no cash dividends for the fiscal year ended June
30, 2022. Our Board of Directors assesses the Company’s dividend policy periodically. There is no assurance that the Board of Directors
will maintain the amount of the regular cash dividend during any future years.
During fiscal year 2023, the Company did not
sell any of its common stock to the Trustees of The Espey Mfg. & Electronics Corp. Employee Stock Ownership Plan Trust (the “ESOP”).
The Company did not make any open market purchases
of equity securities in the fiscal year 2023 fourth quarter.
The following table sets forth information as
of June 30, 2023 with respect to compensation plans under which equity securities of the Company may be issued.
Equity Compensation Plan Information
Number of securities to
Weighted-average
Number of Securities remaining
be issued upon exercise
exercise price of
available for future issuance under
of outstanding options,
outstanding options,
equity compensation plan (excluding
Plan Category
warrants and rights
warrants and rights
securities reflected in column (a))
(a)
(b)
(c)
Equity compensation plans approved by security holders
296,331
$ 19.15
154,169
Equity compensation plans not approved by security holders
—
—
Total
296,331
154,169
6
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.