Park National Co. (NYSEAMERICAN:PRK) declared a dividend on Monday, July 22nd, Fidelity reports. Investors 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 of this dividend is Thursday, August 15th.
Park National has increased its dividend payment by an average of 0.5% per year over the last three years. Park National has a dividend payout ratio of 56.5% indicating that its dividend is sufficiently covered by earnings.
PRK traded up $0.55 on Tuesday, reaching $91.11. The stock had a trading volume of 56 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.
A number of equities analysts recently weighed in on PRK shares. Janney Montgomery Scott started coverage on shares of Park National in a research report on Monday, June 17th. They set a “neutral” rating and a $106.00 price target on the stock. Zacks Investment Research lowered shares of Park National from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Park National in a report on Monday, April 22nd.
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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