Energy Services of America announces dividend payout

Energy Services of America (OTC:ESOA) Corp (NASDAQ:ESOA), a company specializing in construction services for the utility industry, has announced a quarterly cash dividend for its shareholders. Today, the corporation declared a dividend of $0.03 per common share, which is scheduled for payment on April 15, 2025, to shareholders recorded by the close of business on March 31, 2025. With a market capitalization of $161.2 million and a current dividend yield of 1.27%, the company has demonstrated 100% dividend growth over the last twelve months. InvestingPro analysis reveals the company is currently trading below its Fair Value, suggesting potential upside opportunity for investors.

This move to reward shareholders with a cash dividend reflects the company’s financial strategies and commitment to providing value to its investors. Energy Services of America, headquartered in Huntington, West Virginia, operates primarily in the sectors of water, sewer, pipeline, and power line construction. The company maintains a healthy financial position with a current ratio of 1.5, indicating strong liquidity, while operating with a moderate debt-to-equity ratio of 1.02.

The declaration of the dividend was made in accordance with the company’s regular financial practices and was reported in a Form 8-K filing with the Securities and Exchange Commission. The announcement is part of the company’s ongoing financial communications and is intended to keep the shareholders and the broader market informed of important corporate events.

Energy Services of America has a history of construction and infrastructure projects across various regions, contributing to the development and maintenance of essential services. The company’s decision to issue a dividend is based on its performance and strategic financial planning, aiming to maintain a balance between investing in business growth and providing returns to its shareholders. Recent financial data from InvestingPro shows the company has achieved revenue growth of 8.42% and maintains a P/E ratio of 6.77, suggesting attractive valuation metrics. Additional ProTips and detailed financial analysis are available for subscribers.

This recent announcement is consistent with the company’s approach to corporate governance and shareholder relations. The company’s leadership, including Chief Financial Officer Charles Crimmel, is responsible for the execution of such financial decisions, ensuring that the company adheres to regulatory requirements and maintains transparency with its investors.

Investors and market watchers often view dividend declarations as indicators of a company’s financial health and management’s confidence in its future earnings and cash flow. The payment of dividends can also influence the company’s stock performance on the exchanges where it is listed. With an EBITDA of $27.34 million in the last twelve months and a strong return on assets of 14.56%, ESOA demonstrates robust operational efficiency. InvestingPro data shows the company has maintained profitable operations and achieved impressive returns over both five and ten-year periods.

The information provided in this article is based on a press release statement from Energy Services of America Corp.

In other recent news, Energy Services of America Corporation held its Annual Meeting of Stockholders, where several key proposals were voted on. Shareholders elected directors, including Marshall T. Reynolds and Jack M. Reynolds, among others, with votes ranging from 6,087,884 to 8,825,698. The appointment of Urish Popeck & Co., LLC as the independent auditor for the fiscal year ending September 30, 2025, was ratified by an overwhelming majority of 12,353,444 votes. An advisory resolution on executive compensation passed with 8,605,502 votes in favor, while a decision on the frequency of compensation votes leaned towards annual voting. Specifically, 8,452,634 votes supported annual votes, compared to fewer votes for other intervals. The Board of Directors decided to implement annual advisory non-binding votes on executive compensation until at least 2031. These developments reflect the outcomes of the voting matters submitted to shareholders as per the latest SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.