Park National Co. (PRK) To Go Ex-Dividend on August 21st

Park National Co. (NYSE:PRK) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 21st will be given a dividend of 1.10 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 21st.

Park National has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Park National has a payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Park National to earn $9.03 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 48.7%.

Park National Stock Performance

NYSE:PRK opened at $206.97 on Wednesday. The stock has a market cap of $3.75 billion, a P/E ratio of 22.23 and a beta of 0.69. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $179.86 and its two-hundred day moving average price is $171.26. Park National has a twelve month low of $149.06 and a twelve month high of $208.10.

About Park National

Park National Corporation is a bank holding company whose primary subsidiary, The Park National Bank, provides a full suite of commercial and personal banking services. The company’s main business activities include deposit-taking, commercial and industrial lending, mortgage originations and trust and wealth management services. Park National aims to serve the financial needs of businesses, professionals, families and nonprofit organizations across its regional footprint.

Through its subsidiary banks, Park National offers traditional deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside loan products including commercial real estate loans, agricultural lending, equipment financing and consumer installment loans.