Park Aerospace Corp. Declares Cash Dividend
Park Aerospace Corp. (NYSE: PKE), based in Newton, Kansas, has recently made an important announcement regarding their dividend policy. The company's Board of Directors has declared a regular quarterly cash dividend of $0.125 per share. This dividend is set to be paid out on February 4 to shareholders of record as of the close of business on January 2.
Consistency in Dividend Payments
One of the most notable aspects of Park Aerospace Corp. is their commitment to consistent dividend payments. The company has demonstrated incredible resilience in maintaining 40 consecutive years of uninterrupted quarterly cash dividends. They've never skipped or reduced a dividend payment, highlighting their steady performance and commitment to shareholder returns.
Financial Performance Overview
Since the beginning of its 2005 fiscal year, Park Aerospace has distributed an impressive total of $608.6 million in cash dividends to its shareholders, resulting in an average of $29.725 paid per share. This track record not only underscores the company's financial health but also reflects their dedication to providing value to their investors.
Innovative Aerospace Solutions
In addition to their financial accomplishments, Park Aerospace Corp. is also recognized for its cutting-edge contributions to the aerospace industry. The company specializes in developing and manufacturing advanced composite materials, specifically designed for various aerospace applications. Their product line includes innovative solutions such as film adhesives, lightning strike protection materials, and specialty ablative materials.
Composite Materials for Aerospace
The advanced composite materials created by Park Aerospace are pivotal in the production of composite structures used in the aerospace sector. These materials are utilized in the manufacturing of critical components for jet engines, both large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs), business jets, general aviation aircraft, and rotary wing aircraft.
SPECIALIZED Aerospace Products
Park Aerospace provides specialized materials designed for a variety of aerospace applications, including rocket motor nozzles and radome materials. Their unique product lines, such as SigmaStrut™ and AlphaStrut™, cater to diverse markets, ranging from prototype development to spares for legacy aircraft and exotic spacecraft.
Commitment to Challenging Projects
Park Aerospace takes pride in their ability to tackle projects that others may consider too challenging or insignificant. Their proactive approach to addressing complex needs has allowed them to establish a reputation for reliability and innovation within the aerospace industry. The company focuses on what others are unwilling or unable to do, ensuring they remain a vital player in the sector.
Contact and More Information
For those interested in learning more about Park Aerospace Corp. and their offerings, additional corporate information can be found on their website at www.parkaerospace.com.
For inquiries, please contact Donna D’Amico-Annitto at 486 North Oliver Road, Bldg. Z, Newton, Kansas 67114, or call (316) 283-6500.
Frequently Asked Questions
What is the amount of the declared cash dividend by Park Aerospace?
The Board of Directors has declared a cash dividend of $0.125 per share.
When will the dividend be paid out?
The dividend is scheduled to be paid on February 4 to shareholders of record as of January 2.
How long has Park Aerospace been paying dividends?
Park Aerospace has maintained 40 consecutive years of uninterrupted cash dividend payments.
What are the primary products offered by Park Aerospace?
Park Aerospace manufactures advanced composite materials used in aerospace applications, including film adhesives and lightning strike protection materials.
How can I find more information about Park Aerospace?
Additional information can be found on their official website at www.parkaerospace.com.
