This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Park Electrochemical Corp. Declares Cash Dividend

The Board of Directors of Park Electrochemical Corp. (NYSE:PKE) declared a regular quarterly dividend of $0.10 per share payable February 3, 2014 to stockholders of record at the close of business on January 3, 2014.

The Company expects that all of this dividend and a portion or all of the dividends previously paid by the Company in May, August and November 2013 will not be treated as a taxable dividend for Federal income tax purposes. As previously reported by the Company, the Company also expects that all of the regular quarterly dividend and all of the special dividend paid by the Company in February 2013 will not be treated as a taxable dividend for Federal income tax purposes. The Company cannot finalize this treatment until it files its Federal income tax return for its current fiscal year ending March 2, 2014.

Park’s cash dividends are treated as taxable dividends to the extent of the Company’s current or accumulated earnings and profits (computed using U.S. Federal income tax principles), with any amount in excess of such current or accumulated earnings and profits treated as a non-taxable return of capital to the extent of the shareholder’s adjusted tax basis in the holder’s shares and with any amount in excess of such current or accumulated earnings and profits and the holder’s adjusted tax basis treated as a capital gain. Distributions treated as returns of capital generally reduce the basis in the shares on which the distributions were made, unless the basis is lower than the amount of the distributions in which case the amount by which the distributions exceed the basis is capital gains. Because the Company’s current earnings and profits must take into account the Company’s results of operations for the entire fiscal year in which the cash dividends were paid, the Company will not be able to determine with certainty the portion of the cash dividends that will be treated as a taxable dividend until after the close of the Company’s fiscal year on March 2, 2014. While the tax treatment of the cash dividends is complex and cannot be concluded with any degree of certainty at this time, the Company currently estimates that a portion or all of the cash dividends paid in the 2013 calendar year will exceed the Company’s current or accumulated earnings and profits for U.S. Federal income tax purposes and, therefore, will not be treated as a taxable dividend.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs