Parke Bancorp hikes dividend by 11.1%
Parke Bancorp Inc. (PKBK) lifted its quarterly dividend on June 18, 2026, increasing the payout by 11.1% to $0.20 per share.
The increase marks Parke Bancorp's first dividend hike since 2022. At a share price of $31.86, the dividend corresponds to a yield of approximately 2.5%. The ex-dividend date is July 2, 2026, with payment scheduled for July 17, 2026.
The latest increase of 11.1% follows several years without a dividend hike. Parke Bancorp announced no dividend increases in 2025, 2024, and 2023, while the previous increase was 12.5% in 2022.
Parke Bancorp is the holding company for Parke Bank, a community bank serving customers in New Jersey and Pennsylvania through commercial banking, lending, and deposit services. For more information, you can visit the website of Parke Bancorp.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.