Park Electrochemical Corp. (PKE) to Issue Quarterly Dividend of $0.10 on November 5th
Park Electrochemical Corp. (NYSE:PKE) announced a quarterly dividend on Wednesday, September 11th, Zacks reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.10 per share by the semiconductor company on Tuesday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, September 30th.
Park Electrochemical has a dividend payout ratio of 108.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
NYSE:PKE opened at $17.75 on Friday. Park Electrochemical has a one year low of $14.88 and a one year high of $23.30. The stock has a market cap of $352.88 million, a PE ratio of 37.44 and a beta of 1.13. The stock has a 50 day moving average price of $17.54 and a 200 day moving average price of $16.61.
In other Park Electrochemical news, CFO P. Matthew Farabaugh sold 8,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $17.54, for a total transaction of $140,320.00. Following the completion of the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $52,620. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven T. Warshaw sold 3,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $17.12, for a total value of $51,360.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $171,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,000 shares of company stock valued at $337,120. 8.40% of the stock is owned by insiders.
Several equities research analysts recently commented on PKE shares. ValuEngine raised Park Electrochemical from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. TheStreet cut Park Electrochemical from a “b-” rating to a “c” rating in a report on Friday, May 17th.
Park Electrochemical Company Profile
Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It also designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets.
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