Park Electrochemical Corp. Reports Fourth Quarter And Fiscal Year Results
Park Electrochemical Corp. (NYSE-PKE) reported net sales of $43,676,000
for the fourth quarter ended February 26, 2012 compared to net sales of
$51,201,000 for the fourth quarter ended February 27, 2011.
Shareholders of Park Electrochemical Corp. looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the August covered call at the $25 strike and collect the premium based on the $1.00 bid, which annualizes to an additional 8.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.8% annualized rate in the scenario where the stock is not called away.