Park Electrochemical Corp. (NYSE:PKE) announced a quarterly dividend on Wednesday, June 12th, RTT News reports. Shareholders of record on Friday, July 5th will be given a dividend of 0.10 per share by the semiconductor company on Tuesday, August 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.61%.
Park Electrochemical has a payout ratio of 108.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of NYSE:PKE traded up $0.25 during trading on Wednesday, hitting $15.34. 1,640 shares of the company were exchanged, compared to its average volume of 157,400. The company has a market cap of $316.40 million, a P/E ratio of 31.51 and a beta of 1.04. Park Electrochemical has a 52-week low of $14.88 and a 52-week high of $24.16.
Park Electrochemical (NYSE:PKE) last posted its earnings results on Friday, May 17th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $16.66 million for the quarter. Park Electrochemical had a return on equity of 6.91% and a net margin of 158.09%.
Separately, TheStreet cut shares of Park Electrochemical from a “b-” rating to a “c” rating in a report on Friday, May 17th.
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About Park Electrochemical
Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It also designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets.
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