dividend
confidence high
sentiment positive
materiality 0.75
Park Aerospace declares $1.00 special dividend, raises regular quarterly dividend 25% to $0.125
PARK AEROSPACE CORP
- Special cash dividend of $1.00 per share payable April 6, 2023 to holders of record March 9, 2023; expected total ~$20.5M.
- Regular quarterly dividend increased 25% from $0.10 to $0.125 per share; first at new rate payable May 5, 2023 to holders of record April 3, 2023.
- Park has paid uninterrupted quarterly dividends since 1985; cumulative ~$560M ($27.35/share) since FY2005.
- Chairman and CEO cites outlook and key aerospace programs as basis for increase; confident dividend is sustainable.