Park Aerospace Corp. (PKE) to Issue Quarterly Dividend of $0.13 on February 4th

Park Aerospace Corp. (NYSE:PKE) declared a quarterly dividend on Monday, December 8th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.125 per share by the semiconductor company on Wednesday, February 4th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, January 2nd.

Park Aerospace has decreased its dividend payment by an average of 0.2%per year over the last three years.

Park Aerospace Stock Up 0.6%

PKE stock traded up $0.13 during trading on Wednesday, hitting $21.72. 33,392 shares of the company’s stock traded hands, compared to its average volume of 93,236. The firm has a market capitalization of $432.38 million, a P/E ratio of 60.60 and a beta of 0.33. Park Aerospace has a 1 year low of $11.97 and a 1 year high of $22.55. The business has a fifty day simple moving average of $19.82 and a two-hundred day simple moving average of $18.62.

Park Aerospace (NYSE:PKE) last announced its earnings results on Thursday, October 9th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.97% and a net margin of 11.57%.The business had revenue of $16.38 million for the quarter. During the same period last year, the business posted $0.10 EPS.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.