Parke Bancorp (PKBK) Raises Quarterly Dividend 25% to $0.10; 2.2% Yield

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Go back to Parke Bancorp (PKBK) Raises Quarterly Dividend 25% to $0.10; 2.2% Yield

Parke Bancorp, Inc. Announces Cash Dividend Increase

December 21, 2016 4:10 PM EST

WASHINGTON TOWNSHIP, N.J., Dec. 21, 2016 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced that, beginning with the quarterly cash dividend to be paid in January 2017, the board approved an increase in the dividend rate from $0.08 per share to $0.10 per share. The dividend will be paid on January 31, 2017, to shareholders of record of the Company as of the close of business on January 17, 2017.  "Our Board of Directors is strongly committed to enhancing shareholder value in our Company.  We are able to increase the dividend as a result of the... More