Park Aerospace Corp. Declares Cash Dividend

Rhea-AI Summary

Park Aerospace Corp. (NYSE – PKE) announced a quarterly dividend of $0.10 per share payable on May 6, 2021, to shareholders of record by April 1, 2021. This marks the company's commitment to consistent shareholder returns, maintaining an impressive track record of 36 consecutive years of uninterrupted dividends. Since the 2005 fiscal year, Park has disbursed approximately $544 million in dividends, averaging $26.55 per share. Park Aerospace specializes in advanced composite materials for the aerospace industry.

Positive

• Declared quarterly dividend of $0.10 per share.
• 36 years of uninterrupted quarterly dividend payments.
• Paid approximately $544 million in dividends since 2005 fiscal year.

Negative

• None.

NEWTON, Kan., March 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly dividend of $0.10 per share payable May 6, 2021 to shareholders of record at the close of business on April 1, 2021.

Park has paid 36 consecutive years of uninterrupted regular, quarterly cash dividends, without ever skipping a dividend payment or reducing the amount of the dividend.

The Company has paid approximately $544 million in cash dividends, or $26.55 per share, since the beginning of its 2005 fiscal year.

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (undergoing qualification) and lightning strike materials. Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park’s advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park’s composite parts and structures (which include Park’s proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park’s objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

Additional corporation information is available on the Company’s web site at www.parkaerospace.com.

Contact:	Donna D’Amico-Annitto	486 North Oliver Road, Bldg. Z
		Newton, Kansas 67114
		(316) 283-6500

FAQ

What is the dividend payment date for Park Aerospace Corp. (PKE)?

The dividend payment date for Park Aerospace Corp. (PKE) is May 6, 2021.

How much is the quarterly dividend declared by PKE?

The quarterly dividend declared by Park Aerospace Corp. (PKE) is $0.10 per share.

How long has Park Aerospace Corp. (PKE) been paying dividends?

Park Aerospace Corp. (PKE) has paid dividends for 36 consecutive years.

What is the total amount of dividends paid by Park Aerospace Corp. since 2005?

Since the beginning of the 2005 fiscal year, Park Aerospace Corp. has paid approximately $544 million in dividends.