Park Aerospace Corp. Declares Cash Dividend

Rhea-AI Summary

Park Aerospace Corp. (PKE) declares a regular quarterly dividend of $0.125 per share, continuing its streak of 39 years of uninterrupted dividends. The company has paid $591 million in cash dividends since 2005, focusing on advanced composite materials for aerospace markets.

NEWTON, Kan., March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly dividend of $0.125 per share payable May 3, 2024 to shareholders of record at the close of business on April 2, 2024.

Park has paid 39 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 $591 million in cash dividends, or $28.85 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 (Aeroadhere™) and lightning strike protection materials (Electroglide^®). 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 corporate 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 amount declared by Park Aerospace Corp. (PKE)?

Park Aerospace Corp. (PKE) declared a regular quarterly dividend of $0.125 per share.

How many consecutive years has Park Aerospace Corp. (PKE) paid dividends?

Park Aerospace Corp. (PKE) has paid 39 consecutive years of uninterrupted regular, quarterly cash dividends.

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

Park Aerospace Corp. (PKE) has paid approximately $591 million in cash dividends since the beginning of its 2005 fiscal year.

What are the main products offered by Park Aerospace Corp. (PKE)?

Park Aerospace Corp. (PKE) develops and manufactures advanced composite materials like film adhesives (Aeroadhere™) and lightning strike protection materials (Electroglide®) for aerospace markets.

What are the target markets for Park Aerospace Corp. (PKE)'s composite parts and structures?

Park Aerospace Corp. (PKE)'s target markets include prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft, and exotic spacecraft.

Where can additional corporate information about Park Aerospace Corp. (PKE) be found?

Additional corporate information about Park Aerospace Corp. (PKE) is available on the Company’s website at www.parkaerospace.com.