Park Electrochemical Corp. (NYSE:PKE) declared a quarterly dividend on Wednesday, June 17th, Wall Street Journal reports. Investors of record on Friday, July 3rd will be given a dividend of 0.10 per share by the semiconductor company on Tuesday, August 4th. This represents a $0.40 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, July 1st.
Park Electrochemical has raised its dividend by an average of 87.5% per year over the last three years. Park Electrochemical has a dividend payout ratio of 78.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
Shares of NYSE PKE opened at $11.00 on Tuesday. The firm’s 50-day moving average price is $11.91 and its 200-day moving average price is $13.94. Park Electrochemical has a 1-year low of $9.14 and a 1-year high of $19.29. The firm has a market capitalization of $218.69 million, a P/E ratio of 23.40 and a beta of 0.83.
Park Electrochemical (NYSE:PKE) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Park Electrochemical had a net margin of 15.92% and a return on equity of 6.64%. The company had revenue of $15.49 million for the quarter.
Separately, ValuEngine lowered shares of Park Electrochemical from a “buy” rating to a “hold” rating in a report on Saturday, March 14th.
About Park Electrochemical
Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It also designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets.
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