Park National Co. (NYSEAMERICAN:PRK) declared a dividend on Monday, July 22nd, Fidelity reports. Stockholders of record on Friday, August 16th will be given 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 increased 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 PRK traded up $1.00 during mid-day trading on Tuesday, reaching $91.56. The company’s stock had a trading volume of 7,867 shares, compared to its average volume of 37,184. Park National has a 12-month low of $79.27 and a 12-month high of $112.88.
PRK has been the subject of a number of research analyst reports. Boenning Scattergood reissued a “hold” rating on shares of Park National in a research report on Monday, April 22nd. Janney Montgomery Scott initiated coverage on Park National in a research report on Monday, June 17th. They issued a “neutral” rating and a $106.00 target price for the company. Finally, Zacks Investment Research cut Park National from a “hold” rating to a “sell” rating in a research report on Friday, June 21st.
About Park National
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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