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

Park Aerospace Corp. (NYSE:PKE) announced a quarterly dividend on Monday, June 10th, Zacks reports. Shareholders of record on Monday, July 1st will be paid a dividend of 0.125 per share by the semiconductor company on Friday, August 2nd. This represents a $0.50 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, July 1st.

Park Aerospace has raised its dividend by an average of 5.9% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Park Aerospace Trading Up 0.3 %

Shares of NYSE:PKE opened at $13.43 on Tuesday. Park Aerospace has a 52 week low of $13.05 and a 52 week high of $16.96. The firm has a market capitalization of $271.96 million, a P/E ratio of 36.30 and a beta of 0.44. The firm’s 50 day moving average is $14.64 and its two-hundred day moving average is $14.83.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.