Park Aerospace Corp. Announces Quarterly Dividend of $0.13 (NYSE:PKE)

Key Points

• Park Aerospace Corp. declared a quarterly dividend of $0.13 per share, which will be paid on November 5th to shareholders on record as of October 1st.
• The company reported earnings per share of $0.10 and a revenue of $15.40 million for the last quarter, with a net margin of 10.98%.
• Wall Street analysts have recently downgraded Park Aerospace from a "buy" to a "hold" rating, signaling potential concerns for future growth.

Park Aerospace Corp. (NYSE:PKE - Get Free Report) declared a quarterly dividend on Monday, September 8th, RTT News reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.125 per share by the semiconductor company on Wednesday, November 5th. This represents a c) annualized dividend and a yield of 2.6%.

Park Aerospace Stock Performance

NYSE:PKE traded down $0.06 during trading on Monday, reaching $19.10. The company's stock had a trading volume of 91,927 shares, compared to its average volume of 105,675. The firm has a market cap of $379.27 million, a price-to-earnings ratio of 56.17 and a beta of 0.45. The firm has a 50 day moving average of $17.73 and a 200-day moving average of $15.01. Park Aerospace has a 12 month low of $11.97 and a 12 month high of $20.72.

Park Aerospace (NYSE:PKE - Get Free Report) last issued its earnings results on Tuesday, July 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.60% and a net margin of 10.98%.The firm had revenue of $15.40 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Park Aerospace from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.

About Park Aerospace

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.

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