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

Park Aerospace Corp. (NYSE:PKE) announced a quarterly dividend on Monday, June 8th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.125 per share by the semiconductor company on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, July 1st.

Park Aerospace has raised its dividend by an average of 0.0%per year over the last three years.

Park Aerospace Trading Down 1.8%

NYSE:PKE opened at $31.93 on Tuesday. The company has a 50-day moving average price of $32.64 and a 200-day moving average price of $26.82. Park Aerospace has a 12 month low of $13.52 and a 12 month high of $38.20. The stock has a market cap of $666.70 million, a price-to-earnings ratio of 57.02 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Park Aerospace had a net margin of 15.38% and a return on equity of 10.08%. The firm had revenue of $24.19 million during the quarter, compared to analysts’ expectations of $22.31 million.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Park Aerospace in a research report on Tuesday. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Park Aerospace has a consensus rating of “Buy”.

Park Aerospace Company Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.