Park Aerospace Corp. Announces Quarterly Cash Dividend
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Park Aerospace Corp. Announces Cash Dividend for Shareholders
The Board of Directors of Park Aerospace Corp. (NYSE: PKE) has officially announced a regular quarterly cash dividend of $0.125 per share. This dividend will be payable on a future date to shareholders who are on record prior to that date. This move showcases the company’s commitment to providing returns to its shareholders through consistent and reliable performance.
Commitment to Shareholder Returns
Park Aerospace Corp. has an impressive track record of 39 consecutive years of paying regular quarterly cash dividends. Remarkably, the company has never skipped a dividend payment nor reduced the dividend amount, establishing a firm foundation of trust and reliability with its investor base.
A Glance at Dividend History
Since the start of the fiscal year 2005, Park has distributed approximately $596 million in cash dividends to its shareholders. This translates to an average of $29.10 per share, reflecting the company’s unwavering dedication to its financial policies and shareholder satisfaction.
Innovative Composite Solutions for Aerospace
Beyond its strong dividend history, Park Aerospace Corp. specializes in developing and manufacturing advanced composite materials utilized in producing composite structures within the global aerospace markets. Their innovative products include advanced film adhesives and specialized materials for lightning strike protection, among others.
Applications of Advanced Materials
The advanced composite materials created by Park are instrumental for various aerospace applications, which encompass a range of vehicles such as jet engines, transport aircraft, military resources, drones, business jets, and rotary-wing aircraft. Furthermore, their specialty ablative materials are essential for rocket motors and nozzles while offering tailored solutions for radome applications.
Focus on Customization and Development
Park Aerospace also extends its offerings by designing, fabricating composite parts, and producing low-volume tooling specifically for the aerospace sector. Their composite product lines, including proprietary entries like SigmaStrut™ and AlphaStrut™, target niche markets, including prototype and development aircraft and legacy military aircraft upgrades.
Meeting Unique Challenges in Aerospace
A key aspect of Park Aerospace's mission is to undertake projects that are often overlooked by competitors, whether due to their complexity or size. The company prides itself on stepping in where other providers might shy away, making it a reliable partner for unique aerospace needs.
Company Contact and Information
For further information about Park Aerospace Corp., including updates on corporate operations, investors can reach out through the contact details provided. The company is eager to share additional insights about its endeavors in the aerospace industry.
Contact: Donna D’Amico-Annitto
486 North Oliver Road, Bldg. Z
Newton, Kansas 67114
(316) 283-6500
Frequently Asked Questions
What is the recent dividend declared by Park Aerospace Corp.?
Park Aerospace Corp. has declared a quarterly cash dividend of $0.125 per share.
How long has Park Aerospace been paying dividends?
The company has maintained a consistent dividend payment for 39 years without ever missing a payment.
What is the total amount of dividends paid by Park since 2005?
Approximately $596 million in cash dividends have been distributed to shareholders since the 2005 fiscal year.
What products does Park Aerospace specialize in?
Park specializes in advanced composite materials for the aerospace industry, including adhesives and protection materials.
How does Park Aerospace stand out in its industry?
Park Aerospace focuses on tackling complex projects that are often avoided by other firms, emphasizing innovation and customization.
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