Park Aerospace Corp. to Issue Quarterly Dividend of $0.13 (NYSE:PKE)

Park Aerospace Corp. (NYSE:PKE) declared a quarterly dividend on Monday, June 8th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.125 per share by the semiconductor company on Monday, August 3rd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, July 1st.

Park Aerospace has increased its dividend payment by an average of 0.0%annually over the last three years.

Park Aerospace Stock Down 1.8%

Shares of NYSE PKE opened at $31.93 on Tuesday. Park Aerospace has a 52 week low of $13.52 and a 52 week high of $38.20. The business has a 50-day simple moving average of $32.64 and a two-hundred day simple moving average of $26.82. The company has a market cap of $666.70 million, a P/E ratio of 57.02 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Park Aerospace had a return on equity of 10.08% and a net margin of 15.38%.The business had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million.

Analyst Ratings Changes

PKE has been the subject of several analyst reports. Wall Street Zen upgraded Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup initiated coverage on Park Aerospace in a research note on Tuesday. They issued an “outperform” rating for the company. Finally, Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Park Aerospace Company Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.