Park Electrochemical Corp. (NYSE:PKE) declared a quarterly dividend on Wednesday, March 14th, RTT News reports. Shareholders 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 annualized dividend and a yield of 2.27%.
Park Electrochemical has a 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.
Park Electrochemical (NYSE PKE) traded down $0.02 during midday trading on Wednesday, reaching $17.64. The company’s stock had a trading volume of 5,045 shares, compared to its average volume of 183,581. The company has a debt-to-equity ratio of 0.37, a current ratio of 19.23 and a quick ratio of 18.39. Park Electrochemical has a 52 week low of $16.00 and a 52 week high of $23.58. The firm has a market cap of $360.43, a PE ratio of 67.93 and a beta of 0.97.
PKE has been the topic of several recent analyst reports. Zacks Investment Research cut Park Electrochemical from a “hold” rating to a “strong sell” rating in a research report on Friday, January 12th. Needham & Company LLC boosted their target price on Park Electrochemical to $24.00 and gave the stock a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call.
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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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