Park Aerospace Corp. Declares Cash Dividend
Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on August 4, 2020 to shareholders on record as of July 3, 2020.
Sentiment and the balance of points
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Rhea-AI Summary
Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on August 4, 2020 to shareholders on record as of July 3, 2020. This marks 35 consecutive years of uninterrupted dividend payments, totaling approximately $538 million or $26.25 per share since fiscal year 2005. The company's core business involves developing advanced composite materials for the aerospace industry, with applications in various aircraft types, including military and commercial sectors.
Positive
- Declared a quarterly dividend of $0.10 per share, enhancing income for shareholders.
- 35 consecutive years of uninterrupted cash dividends demonstrates company stability and strong financial health.
- Total cash dividends paid since 2005 amount to approximately $538 million, indicating a commitment to shareholder returns.
Negative
- None.
Details
News Market Reaction – PKE
The recorded move for PKE in the trading session of this news was +0.60%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWTON, Kan., June 16, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) declared a regular quarterly dividend of
Park has paid 35 consecutive years of uninterrupted regular, quarterly cash dividends, without ever skipping a dividend payment or reducing the amount of the dividend.
The Company has paid approximately
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 (undergoing qualification) and lightning strike materials. 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 corporation information is available on the Company’s web site at www.parkaerospace.com.
Contact:
Donna D’Amico-Annitto
486 North Oliver Road, Bldg. Z
Newton, Kansas 67114
(316) 283-6500
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