Espey Mfg. & Electronics (ESP) said late Tuesday its board has declared a special cash dividend of $0.75 per share, in addition to a regular quarterly dividend of $0.25 per share.

The dividend will be paid on Sept. 25 to shareholders of record as of Sept. 18, the company said.

The board also promoted Kaitlyn O'Neil to the role of chief financial officer and treasurer, the company added.

O'Neil already worked as the principal financial officer and treasurer at Espey.