Park Electrochemical Corporation Declares Quarterly Dividend of $0.10 (PKE)
Park Electrochemical Corporation (NYSE:PKE) announced a quarterly dividend on Wednesday, September 13th, RTT News reports. Stockholders of record on Tuesday, October 3rd will be given a dividend of 0.10 per share by the semiconductor company on Tuesday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.21%.
Park Electrochemical Corporation has a dividend payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings.
Shares of Park Electrochemical Corporation (PKE) traded up 0.22% on Wednesday, reaching $18.13. 42,330 shares of the company were exchanged. The stock has a 50 day moving average of $18.10 and a 200-day moving average of $17.89. The company has a market capitalization of $366.84 million, a P/E ratio of 47.71 and a beta of 0.85. Park Electrochemical Corporation has a 52-week low of $13.76 and a 52-week high of $20.24.
Park Electrochemical Corporation (NYSE:PKE) last announced its quarterly earnings results on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Park Electrochemical Corporation had a net margin of 6.99% and a return on equity of 4.92%. The business had revenue of $27.42 million during the quarter, compared to analysts’ expectations of $29.00 million. During the same period last year, the company earned $0.15 EPS. On average, analysts predict that Park Electrochemical Corporation will post $0.64 EPS for the current fiscal year.
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Several brokerages have issued reports on PKE. Zacks Investment Research raised shares of Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Park Electrochemical Corporation in a report on Friday, September 1st. Finally, BidaskClub downgraded shares of Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
Park Electrochemical Corporation Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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