Park National Co. (PRK) To Go Ex-Dividend on February 20th

Park National Co. (NYSE:PRK) announced a quarterly dividend on Monday, January 26th. Stockholders of record on Friday, February 20th will be given a dividend of 1.10 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, February 20th.

Park National has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Park National has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Park National to earn $9.03 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 48.7%.

Park National Price Performance

Shares of NYSE PRK opened at $175.92 on Wednesday. The firm has a market cap of $2.83 billion, a P/E ratio of 18.90 and a beta of 0.74. Park National has a twelve month low of $137.97 and a twelve month high of $179.48. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $163.27 and a 200 day moving average of $162.19.

About Park National

Park National Corporation is a bank holding company whose primary subsidiary, The Park National Bank, provides a full suite of commercial and personal banking services. The company’s main business activities include deposit-taking, commercial and industrial lending, mortgage originations and trust and wealth management services. Park National aims to serve the financial needs of businesses, professionals, families and nonprofit organizations across its regional footprint.

Through its subsidiary banks, Park National offers traditional deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside loan products including commercial real estate loans, agricultural lending, equipment financing and consumer installment loans.