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

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. Stockholders 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 1st.

Park Aerospace Price Performance

Shares of Park Aerospace stock traded down $0.39 during trading on Friday, hitting $18.73. 75,365 shares of the company's stock traded hands, compared to its average volume of 90,889. Park Aerospace has a 1 year low of $11.97 and a 1 year high of $20.72. The stock has a market capitalization of $371.90 million, a P/E ratio of 55.09 and a beta of 0.45. The business has a 50-day simple moving average of $18.05 and a 200-day simple moving average of $15.14.

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

Analyst Upgrades and Downgrades

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

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.