Business Context and Reporting Period
This Form 8-K filing by Parke Bancorp, Inc. reports a corporate event dated September 20, 2016. The filing serves to disclose a dividend declaration made by the Board of Directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the dividend amount.
- Dividend Declared: $0.08 per share
- Record Date: October 14, 2016
- Payment Date: October 31, 2016
Material Changes
The filing does not report material changes in financial performance, operations, or capital structure compared to prior periods. It solely announces the declaration of a quarterly dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or unusual items. It references a press release filed as Exhibit 99 for further details on the dividend announcement.
Investor Verification Checklist
- Verify the total number of outstanding shares to calculate the aggregate dividend payout.
- Confirm the record date (October 14, 2016) to ensure eligibility for the payment.
- Review the referenced press release (Exhibit 99) for any additional context regarding the dividend policy.
- Check subsequent filings for the actual payment date confirmation on October 31, 2016.