Park Aerospace Corp. Declares Cash Dividend
September 11 2023 - 4:05PM
The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has
declared a regular quarterly dividend of $0.125 per share payable
November 3, 2023 to shareholders of record at the close of business
on October 2, 2023.
Park has paid 38 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 $586 million
in cash dividends, or $28.60 per share, since the beginning of its
2005 fiscal year.
Park Aerospace Corp. 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 (AeroadhereTM)
and lightning strike protection materials (Electroglide®). 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 SigmaStrut™ and AlphaStrut™ 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 corporate information is available on
the Company’s web site at www.parkaerospace.com.
Contact: Donna
D’Amico-Annitto |
486 North Oliver Road, Bldg. Z |
|
Newton,
Kansas 67114 |
|
(316)
283-6500 |
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