Parke Bancorp declares $0.20 cash dividend
Parke Bancorp declares a $0.20 per share cash dividend and signals an intention for future quarterly dividends subject to financial and regulatory considerations.
Rhea-AI Filing Summary
Parke Bancorp, Inc. (PKBK) announced that its Board of Directors declared a $0.20 per share cash dividend, payable on October 16, 2026 to shareholders of record as of the close of business on October 2, 2026. The Board also stated that it anticipates paying cash dividends on a quarterly basis, subject to future determinations that consider the financial condition of Parke Bancorp and Parke Bank and any applicable legal and regulatory restrictions, and noted that future dividends, if paid, may be reduced or eliminated.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Cash dividend per share: $0.20 per share
Dividend record date: October 2, 2026
Dividend payment date: October 16, 2026
3 metrics
Cash dividend per share
$0.20 per share
Declared by Parke Bancorp, Inc. on September 22, 2026
Dividend record date
October 2, 2026
Shareholders of record on this date are entitled to the $0.20 dividend
Dividend payment date
October 16, 2026
Scheduled payment date for the $0.20 per share cash dividend
Key Terms
cash dividend, quarterly basis, Federal Deposit Insurance Corporation, forward-looking statements, +1 more
5 terms
cash dividend financial
"announced the declaration of a $0.20 per share cash dividend"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
quarterly basis financial
"The Board anticipates paying cash dividends on a quarterly basis"
Federal Deposit Insurance Corporation regulatory
"Parke Bank’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation"
A U.S. government agency that insures customer deposits at member banks up to a set limit, acting like a safety net so people don’t lose their cash if a bank fails. It matters to investors because it helps maintain confidence in the banking system, reduces the chance of sudden withdrawals or bank runs, and can influence the stability and share prices of banks and financial markets.
forward-looking statements regulatory
"This release may contain forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
NASDAQ Capital Market market
"Parke Bancorp’s common stock is traded on the NASDAQ Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What dividend did PARKE BANCORP, INC. (PKBK) declare in this 8-K?
Parke Bancorp, Inc. declared a $0.20 per share cash dividend. The company stated that the dividend will be paid in cash to common shareholders, with timing and record date specified in the same announcement.
When is the record date and payment date for PKBK’s $0.20 dividend?
The record date for Parke Bancorp’s dividend is October 2, 2026, and the payment date is October 16, 2026, when the $0.20 per share cash dividend is scheduled to be paid to stockholders of record.
Does Parke Bancorp, Inc. (PKBK) plan to pay dividends quarterly?
The Board of Parke Bancorp, Inc. stated it anticipates paying cash dividends on a quarterly basis, but each dividend will be subject to determination and declaration by the Board, considering financial condition and legal and regulatory restrictions.
Can PKBK’s future dividends be reduced or eliminated?
Yes. Parke Bancorp, Inc. disclosed that future dividends, if paid, may be reduced or eliminated, depending on factors including the company’s and the bank’s financial condition and applicable legal and regulatory restrictions.
On which market is Parke Bancorp, Inc. (PKBK) common stock traded?
Parke Bancorp, Inc.’s common stock is traded on the NASDAQ Capital Market under the symbol “PKBK”, as stated in the company’s description accompanying the dividend announcement.
What type of banking services does Parke Bank, subsidiary of PKBK, provide?
Parke Bank is described as a full service commercial bank, emphasizing personal and business financial services for individuals and small-sized businesses in specified regions of New Jersey and Pennsylvania, with deposits insured by the FDIC up to legal limits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
