Park Aerospace Corp. Announces New Quarterly Dividend Details
Park Aerospace Corp. Announces Quarterly Cash Dividend
The Board of Directors of Park Aerospace Corp. (NYSE: PKE) has recently made an exciting announcement regarding its regular quarterly cash dividend. Shareholders can expect a cash dividend of $0.125 per share, which is scheduled to be paid on November 5 to all shareholders who are on record by the close of business on October 1. This is a great opportunity for investors to benefit from Park Aerospace's consistent shareholder returns.
A Legacy of Dividend Payments
One of the remarkable aspects of Park Aerospace is its track record in dividend payments. The company has proudly maintained a 40-year uninterrupted streak of regular, quarterly cash dividends. This commitment to providing returns to shareholders has been unwavering, showcasing the company's financial stability and dedication to its investors.
Significant Cash Dividend History
Since the beginning of its fiscal year in 2005, Park Aerospace has distributed an impressive total of $606.1 million in cash dividends. This amounts to approximately $29.60 per share. Such figures highlight the company's robust financial health and its consistent approach to rewarding shareholders.
Innovations in Aerospace Materials
Park Aerospace Corp. is not just known for its dividends but also for its significant contributions to the aerospace industry. The company specializes in the development and manufacturing of advanced composite materials, which play a crucial role in the production of composite structures for the global aerospace market. Their product offerings include film adhesives, lightning strike protection materials, specialty ablative materials for rocket motors, and much more, reflecting a commitment to innovation.
Advanced Composite Materials
The advanced composite materials produced by Park Aerospace are designed for various applications, including automotive fiber placement manufacturing. These materials are essential in creating primary and secondary structures for various aircraft types, including military and civilian, as well as drones and business jets. This innovation contributes significantly to the efficiency and performance of these aircraft.
Market Applications and Objectives
Park Aerospace focuses on providing composite parts and structures specifically for prototype and development aircraft, special mission aircraft, and even exotic spacecraft. The company aims to tackle projects that others might find too challenging or small-scale, illustrating its commitment to excellence and problem-solving in the aerospace sector.
Contact Information
For additional corporate information, interested parties can reach out to Park Aerospace Corp. The contact person is Donna D'Amico-Annitto, located at 486 North Oliver Road, Bldg. Z, Newton, Kansas 67114. The office can be contacted at (316) 283-6500 for any inquiries.
Frequently Asked Questions
What is the amount of the declared cash dividend for Park Aerospace?
The declared cash dividend for Park Aerospace Corp. is $0.125 per share.
How long has Park Aerospace paid dividends without interruption?
Park Aerospace has paid dividends for 40 consecutive years without skipping a payment.
In what fiscal year did Park start its dividend distribution?
Park Aerospace started distributing dividends in the 2005 fiscal year.
What types of materials does Park Aerospace manufacture?
Park Aerospace manufactures advanced composite materials used in aerospace applications, including adhesives and lightning strike protection materials.
Who can be contacted for more information about Park Aerospace?
Donna D'Amico-Annitto is the point of contact for inquiries related to Park Aerospace Corp.
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