Park Electrochemical (PKE) Reports Q3 Results, Announces Special Dividend and Plans to Evaluate Strategic Alternative of Electronics Business

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Go back to Park Electrochemical (PKE) Reports Q3 Results, Announces Special Dividend and Plans to Evaluate Strategic Alternative of Electronics Business

Park Electrochemical (PKE) Misses Q3 EPS by 7c, Repays Debt, Sets $3/Share Special Dividend

January 4, 2018 8:36 AM EST

Park Electrochemical (NYSE: PKE) reported Q3 EPS of $0.06, $0.07 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $26.14 million versus the consensus estimate of $29.3 million.

REPAYMENT OF OUTSTANDING DEBT

Park announced the voluntary repayment of all outstanding debt under the Credit Agreement, dated as of January 15, 2016, between the Company and HSBC Bank USA, in the amount of approximately $69 million, including principal and accrued interest, effective January 3, 2018. The Company... More

Park Electrochemical (PKE) Declares $3.00 Special Dividend; 15.3% Yield

January 4, 2018 8:35 AM EST

Park Electrochemical (NYSE: PKE) declared a special dividend of $3.00 per share.

The dividend will be payable on February 13, 2018, to stockholders of record on January 23, 2018, with an ex-dividend date of January 22, 2018.

The annual yield on the dividend is 15.3 percent.

For a dividend history... More

Park Electrochemical (PKE) Opening Delay, News Pending

January 4, 2018 8:23 AM EST

Park Electrochemical (NYSE: PKE) Opening Delay, News Pending

... More