Park Aerospace Corp. Declares Cash Dividend

Rhea-AI Summary

The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on November 5, 2020, to shareholders of record by October 1, 2020. This marks the company's 35th consecutive year of uninterrupted quarterly cash dividends, totaling approximately $540 million or $26.35 per share since fiscal 2005. The company specializes in manufacturing advanced composite materials for the aerospace industry, providing solutions for a variety of aircraft and aerospace applications.

Positive

• Declared a quarterly dividend of $0.10 per share, demonstrating commitment to shareholder returns.
• 35 years of uninterrupted dividend payments underscores financial stability and company confidence.
• Approximately $540 million in cash dividends paid since fiscal 2005 indicates strong cash flow and profitability.

Negative

• None.

NEWTON, Kan., Sept. 14, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly dividend of $0.10 per share payable November 5, 2020 to shareholders of record at the close of business on October 1, 2020.

Park has paid 35 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 $540 million in cash dividends, or $26.35 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.

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

FAQ

What is the dividend amount declared by Park Aerospace Corp. in 2020?

Park Aerospace Corp. declared a dividend of $0.10 per share.

When is the dividend payable for Park Aerospace Corp.?

The dividend is payable on November 5, 2020.

What is the significance of the 35 consecutive years of dividends for Park Aerospace Corp.?

It indicates the company's long-standing commitment to returning value to shareholders without interruption.

How much has Park Aerospace Corp. paid in dividends since fiscal 2005?

The company has paid approximately $540 million in cash dividends since the beginning of its 2005 fiscal year.