Park Electrochemical Corp. (PKE) Declares $0.10 Quarterly Dividend
Park Electrochemical Corp. (NYSE:PKE) announced a quarterly dividend on Wednesday, March 14th, RTT News reports. Investors of record on Tuesday, April 3rd will be given a dividend of 0.10 per share by the semiconductor company on Tuesday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.27%.
Park Electrochemical has a payout ratio of 108.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Park Electrochemical (NYSE PKE) traded down $0.02 on Wednesday, hitting $17.64. The company had a trading volume of 5,045 shares, compared to its average volume of 183,581. The firm has a market cap of $360.43, a PE ratio of 67.93 and a beta of 0.97. The company has a current ratio of 19.23, a quick ratio of 18.39 and a debt-to-equity ratio of 0.37. Park Electrochemical has a 1-year low of $16.00 and a 1-year high of $23.58.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Park Electrochemical from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Needham & Company LLC increased their target price on Park Electrochemical to $24.00 and gave the company a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call.
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Park Electrochemical 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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