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

Park Aerospace Corp. (NYSE:PKE - Get Free Report) declared a quarterly dividend on Monday, June 9th, RTT News reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.125 per share by the semiconductor company on Friday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.52%.

Park Aerospace Trading Up 0.2%

NYSE PKE traded up $0.03 on Monday, hitting $14.21. 11,195 shares of the company were exchanged, compared to its average volume of 52,313. The company has a market cap of $283.03 million, a P/E ratio of 39.54 and a beta of 0.39. The firm has a 50 day moving average of $13.34 and a two-hundred day moving average of $13.98. Park Aerospace has a 1-year low of $11.96 and a 1-year high of $15.57.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 earnings per share for the quarter. The firm had revenue of $16.94 million for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Institutional Investors Weigh In On Park Aerospace

A hedge fund recently bought a new stake in Park Aerospace stock. Jones Financial Companies Lllp bought a new stake in Park Aerospace Corp. (NYSE:PKE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,835 shares of the semiconductor company's stock, valued at approximately $52,000. Institutional investors own 77.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Park Aerospace from a "buy" rating to a "hold" rating in a research note 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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