NEWS RELEASE
Contact: Martina Bar Kochva
48 South Service Road
Melville, NY 11747
(631) 465-3600
PARK
ELECTROCHEMICAL CORP.
INCREASES QUARTERLY CASH DIVIDEND
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.
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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