Park Electrochem share price rises after dividend news
Brian E. Shore, chief executive, president and chairman, Park Electrochemical Corp., electronic components, Melville. Total compensation, as reported, $407,760. Credit: Handout
Park Electrochemical Corp., of Melville, has declared a regular quarterly dividend of 10 cents per share payable Feb. 3 to stockholders of record at the close of business Jan. 6.
Park is a global advanced materials company and a maker of digital and radio frequency/microwave printed circuits.
Its shares were up 77 cents, to $26.81, in morning trading Friday.
It has customers in a range of markets: telecommunications, Internet infrastructure and high-end computing; and it makes advanced composite materials, parts and assemblies for the aerospace industry.
Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology.
Earlier this month Park said it was embarking on a major expansion of its assembly operations in Kansas.
Founded on Long Island in 1954, Park has manufacturing facilities on the Island and in Connecticut, Arizona, California and Kansas as well as in Singapore, China and France.
The expanded Kansas plant, in Newton, north of Wichita, is operated by subsidiary Park Aerospace Technologies Corp. The 90,000-square-foot space will house manufacturing, laboratory and office space and will expand Park Electrochemical's offerings of composite materials and parts, making it more competitive, the company said.
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