Energy Services of America Co. (NASDAQ:ESOA) Increases Dividend to $0.03 Per Share

Energy Services of America Co. (NASDAQ:ESOA) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.03 per share on Thursday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02.

Energy Services of America Stock Performance

NASDAQ ESOA traded up $0.61 on Thursday, hitting $15.25. The stock had a trading volume of 157,948 shares, compared to its average volume of 152,015. Energy Services of America has a 52-week low of $3.46 and a 52-week high of $15.44. The firm has a 50-day moving average of $11.07 and a 200-day moving average of $8.87.

Insider Buying and Selling

In related news, Director Marshall T. Reynolds sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $9.50, for a total transaction of $237,500.00. Following the completion of the sale, the director now directly owns 1,629,303 shares in the company, valued at approximately $15,478,378.50. The trade was a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank S. Lucente sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $10.80, for a total transaction of $32,400.00. Following the sale, the director now owns 281,337 shares of the company’s stock, valued at $3,038,439.60. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,946 shares of company stock worth $1,231,387 in the last 90 days. 44.68% of the stock is owned by company insiders.

About Energy Services of America

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.