Park Aerospace Corp. Declares Cash Dividend

Rhea-AI Summary

Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on February 3, 2022, to shareholders of record by January 4, 2022. This marks 36 consecutive years of uninterrupted dividends, amounting to approximately $550 million or $26.85 per share since 2005. The company specializes in advanced composite materials for aerospace applications, including jet engines and aircraft structures, and is committed to producing innovative solutions in challenging areas.

Positive

• Declared quarterly dividend of $0.10 per share, demonstrating strong shareholder return.
• 36 years of consistent dividend payments reflect long-term financial stability.
• Approximately $550 million in dividends paid since 2005 enhances shareholder income.

Negative

• None.

NEWTON, Kan., Dec. 13, 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 February 3, 2022 to shareholders of record at the close of business on January 4, 2022.

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 $550 million in cash dividends, or $26.85 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 development) 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 is February 3, 2022.

When is the record date for the upcoming dividend of Park Aerospace Corp. (PKE)?

The record date is January 4, 2022.

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

Park Aerospace Corp. has paid dividends for 36 consecutive years.

What is the amount of the declared dividend for Park Aerospace Corp. (PKE)?

The declared dividend is $0.10 per share.

How much has Park Aerospace Corp. (PKE) paid in dividends since 2005?

Since 2005, Park Aerospace Corp. has paid approximately $550 million in dividends.