Park Electrochemical Corp. (NYSE: PKE) revealed that its board declared a regular quarterly dividend of $0.10 per share. The dividend offered a yield of 2.4 percent. The dividend would be payable August 3 to shareholders of record at the close of business on July 5, 2016.
Park Electrochemical claimed that it paid 30 straight years of uninterrupted regular, quarterly cash dividends without ever skipping a dividend payment or slashing the amount of the dividend.
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The company's dividend growth rate for the five-year average period was 88.03 percent and that the latest dividend payout ratio was roughly 45 percent.
Shares of the company traded 0.36 percent up on Monday.