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WASHINGTON TOWNSHIP, N.J. - Parke Bancorp, Inc. (NASDAQ:PKBK) announced Wednesday a cash dividend of $0.18 per share to be paid on October 17, 2025, to stockholders of record as of October 3, 2025. The dividend represents a 3.24% yield based on the current share price, continuing the company’s 12-year streak of consistent dividend payments.
The New Jersey-based financial institution indicated that its Board of Directors anticipates continuing quarterly cash dividends, though future payments will depend on various factors including the company’s financial condition and applicable regulatory restrictions.
Parke Bancorp operates through its subsidiary Parke Bank, which maintains branch offices across New Jersey in Washington Township, Northfield, Galloway Township, and Collingswood, as well as two locations in Philadelphia. The bank provides personal and business financial services primarily to customers in Gloucester, Atlantic, and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania.
The company’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).
According to the press release statement, Parke Bancorp’s common stock trades on the NASDAQ Capital Market under the symbol "PKBK."
In other recent news, Parke Bancorp, Inc. announced a quarterly cash dividend of $0.18 per share. This dividend is scheduled to be paid on July 18, 2025, to stockholders who are recorded as of July 3, 2025. The company noted that while it plans to continue these quarterly dividends, future payments are contingent upon board decisions and could be adjusted based on factors such as the company’s financial health and regulatory limitations. These recent developments highlight Parke Bancorp’s commitment to providing returns to its investors, though they remain cautious about future financial conditions.
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