Melville, New York, July 22, 2009......Park Electrochemical Corp. (NYSE-PKE)
announced that its Board of Directors has approved an increase in Park's
quarterly cash dividend from the current rate of $0.08 per share to
$0.10 per share.
The Board of Directors also declared a regular quarterly dividend of
$0.10 per share payable November 5, 2009 to stockholders of record at
the close of business on October 7, 2009, consistent with the Company's
historic schedule of regular quarterly dividends. The Company has paid
regular quarterly cash dividends since 1985, and, although there is no
assurance regarding future cash dividends, the Company has never reduced
the amount of its regular quarterly cash dividend or skipped or failed
to pay a regular quarterly cash dividend since it began paying regular
cash dividends in 1985.
This dividend is in addition to the regular quarterly cash dividend of
$0.08 per share that the Company announced on June 12, 2009 payable
August 6, 2009 to stockholders of record on July 7, 2009.
Brian Shore, Park’s President and CEO, said, “We would like to take this
opportunity to thank our shareholders for their loyalty and their
interest in our Company over the years.”
Park Electrochemical Corp. is a global advanced materials company which
develops and manufactures high-technology digital and RF/microwave
printed circuit materials principally for the telecommunications and
internet infrastructure and high-end computing markets and advanced
composite materials and parts principally for the aerospace markets.
Park’s core capabilities are in the areas of polymer chemistry
formulation and coating technology. Park also specializes in the
manufacture of complex composite aircraft and space vehicle parts. The
Company’s manufacturing facilities are located in Singapore, China,
France, Connecticut, Kansas, Arizona, California and Washington.
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