Park National Corp. (PRK) Declares $0.94 Quarterly Dividend; 4% Yield

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Go back to Park National Corp. (PRK) Declares $0.94 Quarterly Dividend; 4% Yield

Park National Corporation reports first quarter 2016 financial results and declares quarterly dividend

April 22, 2016 4:10 PM EDT

NEWARK, Ohio, April 22, 2016 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE: PRK) today announced financial results for the first quarter of 2016, which include continued consumer loan growth and a 13.5 percent increase in net income for its community banking subsidiary, The Park National Bank. The board of directors also declared a quarterly cash dividend of $0.94 per common share, payable on June 10, 2016 to common shareholders of record as of May 20, 2016.

Parks net income for the three months ended March 31, 2016 (first quarter) was $18.7 million, compared to $19.0 million for the same period in 2015, a decrease of 1.9... More