Park Aerospace Corp. Declares Cash Dividend

Rhea-AI Summary

The Board of Directors of Park Aerospace Corp. (PKE) has announced a quarterly dividend of $0.10 per share, payable on August 5, 2021, to shareholders of record by July 1, 2021. This marks 35 consecutive years of uninterrupted dividend payments, totaling approximately $544 million or $26.55 per share since fiscal year 2005. Park Aerospace specializes in the development and manufacturing of advanced composite materials for the aerospace sector, including products designed for various aircraft and spacecraft applications.

Positive

• Quarterly dividend of $0.10 per share indicates ongoing shareholder returns.
• 35 consecutive years of uninterrupted dividends demonstrate financial stability.
• Total dividend payments of approximately $544 million since 2005 reflects strong cash flow.

Negative

• None.

NEWTON, Kan., June 14, 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 August 5, 2021 to shareholders of record at the close of business on July 1, 2021.

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 $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 amount declared by Park Aerospace Corp. (PKE)?

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

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

The dividend payment date is August 5, 2021.

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

The record date for the dividend payment is July 1, 2021.

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

Park Aerospace Corp. has paid dividends for 35 consecutive years without interruption.

What total dividends has Park Aerospace Corp. (PKE) paid since 2005?

Since 2005, Park has paid approximately $544 million in cash dividends.