On January 24, 2023, Park National Corp (trading symbol PRK) declared a new quarterly dividend of $1.05 per share, up 1% from the previous dividend of $1.04 quarterly per share. The next dividend will be paid on March 10, 2023 and the next ex-dividend date for PRK is February 16, 2023. The new annual dividend rate of $4.20 per share will yield 3.1% at a stock price of $125.
Last year PRK also announced a 1.0% dividend hike, combined with a special dividend of $0.50 per share. The dividend is now hiked by 1.0% for 4 consecutive years.
Headquartered in Newark, Ohio, Park National Corporation has $9.9 billion in total assets (as of December 31, 2022). Park's banking operations are conducted through its subsidiary The Park National Bank. Other Park subsidiaries are Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance), Guardian Financial Services Company (d.b.a. Guardian Finance Company) and SE Property Holdings, LLC.