Park Aerospace Corp. (PKE) to Issue Quarterly Dividend of $0.13 on May 2nd

Park Aerospace Corp. (NYSE:PKE) declared a quarterly dividend on Friday, March 7th, RTT News reports. Stockholders of record on Wednesday, April 2nd will be given 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 is Wednesday, April 2nd.

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

Park Aerospace Stock Performance

Shares of PKE opened at $13.50 on Monday. Park Aerospace has a 1 year low of $11.96 and a 1 year high of $16.62. The company’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $14.17. The company has a market capitalization of $269.05 million, a price-to-earnings ratio of 37.51 and a beta of 0.40.

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

Analysts Set New Price Targets

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

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.