Park National Co. (PRK) to Issue $0.96 Quarterly Dividend
Park National Co. (NYSEAMERICAN:PRK) declared a quarterly dividend on Tuesday, October 23rd, Wall Street Journal reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.96 per share by the financial services provider on Monday, December 10th. This represents a $3.84 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, November 15th.
Park National has a dividend payout ratio of 53.7% indicating that its dividend is sufficiently covered by earnings.
Park National stock opened at $93.77 on Friday. Park National has a 12-month low of $84.60 and a 12-month high of $119.00.
Several research firms have recently issued reports on PRK. Zacks Investment Research upgraded shares of Park National from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Saturday, July 28th. Boenning Scattergood reiterated a “hold” rating on shares of Park National in a report on Wednesday, October 24th.
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About Park National
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.
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