Park Electrochemical declares dividend
Park Electrochemical Corp., a Melville-based manufacturer of high-tech materials, said that its second-quarter profits fell 58 percent as global aerospace sales remain sluggish and the company accrued costs from shutting a manufacturing facility in China. Credit: Handout
Melville-based Park Electrochemical Corp. has declared a regular quarterly dividend of $0.10 per share payable May 5 to stockholders of record at the close of business on April 7.
Founded in 1954, Park, with a market capitalization of $605 million, had $34.7 million net profit on $210.8 million in revenue for its most recent fiscal year. Park has a price-to-earnings ratio of $17.43 and earnings per share of $1.68 during the past 12 months.
A maker of composite materials for aircraft and electronic systems, it has factories in Singapore, China, France, Connecticut, New York, Kansas, Arizona, California and Washington.
It also develops, makes and sells high-technology digital and radio frequency and microwave printed circuit materials products, mainly for telecommunications, Internet infrastructure, and high-end computing.
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