Park Aerospace Corp. Announces That It Has Paid Over $600 Million in Cash Dividends Since the Beginning of Its 2005 Fiscal Year

Rhea-AI Summary

Park Aerospace (NYSE: PKE) announced that with today's regular cash dividend payment of $0.125 per share, the company has reached a significant milestone of $601.1 million in total cash dividends paid since the beginning of its 2005 fiscal year, equivalent to $29.35 per share. The dividend was declared on December 9, 2024, for shareholders of record as of January 3, 2025.

The company has maintained 40 consecutive years of regular quarterly cash dividends without ever missing a payment or reducing the dividend amount, even during challenging times such as 9/11, the Dot Com collapse, and the pandemic. Park Aerospace specializes in developing and manufacturing advanced composite materials for the global aerospace markets, including film adhesives and lightning strike protection materials used in various aircraft applications.

Positive

• Reached $601.1 million in cumulative dividend payments since FY2005
• 40-year track record of consistent quarterly dividend payments
• Current quarterly dividend maintained at $0.125 per share
• Strong dividend reliability through multiple market crises

Negative

• None.

NEWTON, Kan., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that, with today’s payment of the regular cash dividend of $0.125 per share, the Company has now paid $601.1 Million in cash dividends, or $29.35 per share, since the beginning of the Company’s 2005 fiscal year. Today’s dividend was declared on December 9, 2024 and was payable to shareholders of record at the close of business January 3, 2025.

Park has paid 40 consecutive years of regular quarterly cash dividends, without ever skipping a dividend payment or reducing the amount of the dividend…not after 9/11, not after the Dot Com collapse, not during the pandemic, not ever.

Brian E. Shore, Park’s Chairman and CEO, said, “$600 plus million of cash dividends since the beginning of our 2005 fiscal year is a hell of a lot of money for a small company like Park which was started back in 1954 in a garage in Queens, New York by two young guys from Brooklyn who grew up in the depression. According to legend, Jerry and Tony started Park with 40,000 bucks they had saved up from their war duty pay.”

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (Aeroadhere®) and lightning strike protection materials (Electroglide®). Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park’s advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park’s composite parts and structures (which include Park’s proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park’s objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

Additional corporate information is available on the Company’s website at www.parkaerospace.com.

Contact:		Donna D’Amico-Annitto		486 North Oliver Road, Bldg. Z Newton, Kansas 67114 (316) 283-6500

FAQ

How much has Park Aerospace (PKE) paid in total dividends since 2005?

Park Aerospace has paid $601.1 million in total cash dividends, or $29.35 per share, since the beginning of its 2005 fiscal year.

What is Park Aerospace's (PKE) current quarterly dividend payment?

Park Aerospace's current quarterly dividend payment is $0.125 per share.

How long has Park Aerospace (PKE) maintained consecutive dividend payments?

Park Aerospace has maintained 40 consecutive years of regular quarterly cash dividends without ever skipping a payment or reducing the amount.

When was Park Aerospace's (PKE) latest dividend declared and paid?

The latest dividend was declared on December 9, 2024, and paid on February 4, 2025, to shareholders of record as of January 3, 2025.

Has Park Aerospace (PKE) ever reduced or suspended its dividend payments?

No, Park Aerospace has never skipped a dividend payment or reduced the dividend amount, even during challenging times such as 9/11, the Dot Com collapse, and the pandemic.