Parke Bancorp (PKBK) Raises Quarterly Dividend 16.7% to $0.14, 2.7% Yield; Announces 11 for 10 Share Split

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Go back to Parke Bancorp (PKBK) Raises Quarterly Dividend 16.7% to $0.14, 2.7% Yield; Announces 11 for 10 Share Split

Parke Bancorp, Inc. Announces Stock Split And Increase In Quarterly Cash Dividend

April 17, 2018 9:30 AM EDT

WASHINGTON TOWNSHIP, N.J., April 17, 2018 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (Nasdaq: PKBK), the bank holding company of Parke Bank, today announced that the Company's Board of Directors had declared an 11 for 10 stock split, to effectuate a 10% stock dividend.  The additional shares will be issued on May 18, 2018, to stockholders of record as of May 5, 2018. In addition, it was announced that the quarterly cash dividend will be increased from $0.12 to $0.14, effective with the July dividend payment.

Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank,... More