Park Electrochemical Corp. (PKE) Declares $0.10 Quarterly Dividend

Park Electrochemical Corp. (NYSE:PKE) announced a quarterly dividend on Wednesday, March 14th, RTT News reports. Investors of record on Tuesday, April 3rd will be given a dividend of 0.10 per share by the semiconductor company on Tuesday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.26%.

Park Electrochemical has a dividend payout ratio of 108.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of Park Electrochemical (PKE) opened at $17.70 on Thursday. The company has a market capitalization of $357.39, a PE ratio of 41.07 and a beta of 0.97. The company has a quick ratio of 18.39, a current ratio of 19.23 and a debt-to-equity ratio of 0.37. Park Electrochemical has a fifty-two week low of $16.00 and a fifty-two week high of $23.58.

Park Electrochemical (NYSE:PKE) last released its quarterly earnings data on Thursday, January 4th. The semiconductor company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Park Electrochemical had a net margin of 4.60% and a return on equity of 4.69%. The company had revenue of $26.14 million during the quarter, compared to the consensus estimate of $28.50 million. During the same quarter in the prior year, the company posted $0.10 EPS.

Several brokerages have issued reports on PKE. Needham & Company LLC increased their price target on Park Electrochemical to $24.00 and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded Park Electrochemical from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.

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Park Electrochemical Company Profile

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

Dividend History for Park Electrochemical (NYSE:PKE)

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