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

Park Aerospace Corp. (NYSE:PKE) declared a quarterly dividend on Monday, December 9th,RTT News reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.125 per share by the semiconductor company on Tuesday, February 4th. This represents a $0.50 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, January 3rd.

Park Aerospace has raised its dividend by an average of 5.9% annually over the last three years.

Park Aerospace Trading Down 1.3 %

Shares of NYSE PKE opened at $14.89 on Wednesday. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $16.96. The firm has a 50-day moving average of $14.38 and a two-hundred day moving average of $13.71. The company has a market capitalization of $297.23 million, a price-to-earnings ratio of 43.79 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. The firm had revenue of $16.71 million during the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Park Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

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.