Park Aerospace Corp. Declares Cash Dividend
Rhea-AI Summary
Park Aerospace Corp. (NYSE:PKE) has declared a regular quarterly cash dividend of $0.125 per share, payable May 2, 2025, to shareholders of record on April 2, 2025. The company highlights its impressive 40-year track record of uninterrupted quarterly dividends, having distributed $601.1 million in cash dividends ($29.35 per share) since fiscal year 2005.
Based on the March 6, 2025 closing price of $13.46, the current yield of Park's $0.50 annual dividend stands at 3.71%. Park Aerospace specializes in developing advanced composite materials for aerospace applications, including film adhesives and lightning strike protection materials used in various aircraft components from commercial jets to military aircraft and UAVs.
Positive
- 40-year track record of consistent quarterly dividend payments
- Stable dividend yield of 3.71%
- Strong dividend history with $601.1M paid since 2005
- Diversified aerospace product portfolio
Negative
- Dividend payout ($0.125) remains flat with no increase
News Market Reaction
On the day this news was published, PKE declined 0.45%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEWTON, Kan., March 07, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE-PKE) has declared a regular quarterly cash dividend of
Park has paid 40 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
Yesterday’s closing price of Park’s stock on the New York Stock Exchange was
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
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