Business Context and Reporting Period
Company: PARKE BANCORP, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: June 20, 2017
Event: Declaration of quarterly dividend.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate action regarding shareholder distributions.
Material Changes
- Dividend Increase: The Board of Directors declared a quarterly dividend of $0.12 per share, representing an increase of $0.02 per share from the previous quarter's dividend of $0.10 per share.
Guidance, Outlook, and Management Commentary
Dividend Details:
- Record Date: July 14, 2017
- Payment Date: July 28, 2017
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.12 per share payment.
- Confirm the payment date of July 28, 2017, for cash flow planning.
- Review the referenced press release (Exhibit 99) for any additional context regarding the dividend increase.