Business Context and Reporting Period
Company: PARKE BANCORP, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: March 23, 2016
Event Date: March 22, 2016
Context: The filing reports the declaration of a quarterly cash dividend by the Board of Directors.
Key Financial Metrics
This filing does not contain comprehensive financial statements. The only specific financial metric disclosed is the dividend declaration:
- Dividend Declared: $0.08 per share
- Record Date: April 15, 2016
- Payment Date: April 29, 2016
Revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this document.
Material Changes
The filing does not disclose material changes to financial performance, operations, or capital structure compared to prior periods. It solely announces the routine declaration of a dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The document is limited to the administrative announcement of the dividend and references a press release filed as Exhibit 99.
Investor Verification Checklist
- Verify the dividend amount of $0.08 per share against the company's historical payout ratio.
- Confirm the record date (April 15, 2016) to ensure eligibility for payment.
- Review the referenced Press Release (Exhibit 99) for any additional context not included in the 8-K text.
- Check subsequent filings (e.g., 10-Q) for the impact of this dividend on the company's cash position.