NAPCO Security Technologies raises quarterly dividend to $0.17 per share

NAPCO Security Technologies, Inc. has announced a 13.3% increase in its quarterly dividend, raising the payout from $0.15 to $0.17 per share. Shareholders of record as of September 11 will receive the dividend on October 2, representing an annualized yield of 1.8%.

The company recently reported quarterly earnings that exceeded analyst expectations. NAPCO reported earnings per share of $0.50, surpassing the consensus estimate of $0.39. Additionally, quarterly revenue reached $55.81 million, higher than the anticipated $52.53 million. The company maintains a net margin of 18.70% and a return on equity of 28.93%.