Park Electrochemical Corporation (NYSE:PKE) announced a special dividend on Thursday, January 4th, RTT News reports. Shareholders of record on Tuesday, January 23rd will be given a dividend of 3.00 per share by the semiconductor company on Tuesday, February 13th. This is an increase from Park Electrochemical’s previous special dividend of $1.50.
Park Electrochemical has a dividend payout ratio of 74.1% meaning its dividend is sufficiently covered by earnings.
Park Electrochemical (NYSE:PKE) traded down $0.20 during trading hours on Thursday, reaching $19.66. 89,800 shares of the company’s stock traded hands, compared to its average volume of 100,250. The company has a debt-to-equity ratio of 0.37, a quick ratio of 14.56 and a current ratio of 15.23. The stock has a market cap of $408.80, a price-to-earnings ratio of 63.42 and a beta of 0.89. Park Electrochemical has a 52-week low of $16.00 and a 52-week high of $20.24.
Separately, Zacks Investment Research upgraded shares of Park Electrochemical from a “sell” rating to a “hold” rating in a research note 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.
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