Park Aerospace Corp. Declares Cash Dividend
September 11 2019 - 4:10PM
The Board of Directors of Park Aerospace Corp. (NYSE – PKE)
declared a regular quarterly dividend of $0.10 per share payable
November 5, 2019 to shareholders of record at the close of business
on October 1, 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 $511 million
in cash dividends, or $24.95 per share, since the beginning of its
2005 fiscal year.
Park Aerospace 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 proprietary 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.parkaerospace.com.
Contact: Donna D’Amico-Annitto486 North Oliver
Road, Bldg. ZNewton, Kansas 67114(316) 283-6500
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