Park Aerospace Corp. (NYSE:PKE) to Issue $0.13 Quarterly Dividend

Park Aerospace Corp. (NYSE:PKE) announced a quarterly dividend on Friday, March 7th, RTT News reports. Stockholders of record on Wednesday, April 2nd will be paid a dividend of 0.125 per share by the semiconductor company on Friday, May 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, April 2nd.

Park Aerospace has increased its dividend payment by an average of 7.7% annually over the last three years.

Park Aerospace Stock Down 3.0 %

Shares of NYSE:PKE opened at $13.50 on Monday. The company has a market cap of $269.05 million, a PE ratio of 37.51 and a beta of 0.40. Park Aerospace has a fifty-two week low of $11.96 and a fifty-two week high of $16.62. The firm has a 50-day simple moving average of $14.07 and a 200 day simple moving average of $14.17.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.