Park Electrochemical Corp. Declares Cash Dividend
June 12 2019 - 10:02AM
The Board of Directors of Park Electrochemical Corp. (NYSE – PKE)
declared a regular quarterly dividend of $0.10 per share payable
August 6, 2019 to shareholders of record at the close of business
on July 5, 2019.
Park has paid 34 consecutive years of
uninterrupted regular, quarterly cash dividends, without ever
skipping a dividend payment or reducing the amount of the
dividend.
The Company has paid approximately $509 million
in cash dividends, or $24.85 per share, since the beginning of its
2005 fiscal year.
Park Electrochemical Corp. is an Aerospace
Company which develops and manufactures solution and hot-melt
advanced composite materials used to produce composite structures
for the global aerospace markets. Park’s advanced composite
materials include film adhesives (undergoing qualification) and
lightning strike materials. Park offers an array of composite
materials specifically designed for hand lay-up or automated fiber
placement (AFP) manufacturing applications. Park’s advanced
composite materials are used to produce primary and secondary
structures for jet engines, large and regional transport aircraft,
military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred
to as “drones”), business jets, general aviation aircraft and
rotary wing aircraft. Park also offers specialty ablative
materials for rocket motors and nozzles and specially designed
materials for radome applications. As a complement to Park’s
advanced composite materials offering, Park designs and fabricates
composite parts, structures and assemblies and low volume tooling
for the aerospace industry. Target markets for Park’s
composite parts and structures (which include Park’s patented
composite Sigma Strut and Alpha Strut product lines) are, among
others, prototype and development aircraft, special mission
aircraft, spares for legacy military and civilian aircraft and
exotic spacecraft. Park’s objective is to do what others are
either unwilling or unable to do. When nobody else wants to
do it because it is too difficult, too small or too annoying, sign
us up.
Additional corporation information is available
on the Company’s web site at www.parkelectro.com.
Contact: Martina Bar Kochva48 South Service
RoadMelville, NY 11747(631) 465-3600
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