Park National Co. (NYSEAMERICAN:PRK) announced a dividend on Monday, July 22nd, Fidelity reports. Stockholders of record on Friday, August 16th will be paid a dividend of 1.01 per share by the financial services provider on Tuesday, September 10th. The ex-dividend date is Thursday, August 15th.
Park National has raised its dividend by an average of 0.5% per year over the last three years. Park National has a dividend payout ratio of 56.5% meaning its dividend is sufficiently covered by earnings.
Shares of Park National stock opened at $91.72 on Wednesday. Park National has a 1 year low of $79.27 and a 1 year high of $112.88.
PRK has been the subject of several analyst reports. Zacks Investment Research downgraded Park National from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Janney Montgomery Scott initiated coverage on Park National in a report on Monday, June 17th. They issued a “neutral” rating and a $106.00 price target for the company. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Park National in a report on Monday, April 22nd.
Park National Company Profile
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.
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