Parke Bancorp Raises Quarterly Dividend 11.11% to $0.20

Parke Bancorp, Inc. increased its quarterly dividend to $0.20 per share from $0.18, an 11.11% rise. Shares traded ex-dividend on July 2, 2026.

The new rate equates to an annualized dividend of $0.80 per share and a 2.36% forward yield based on a $34 share price. The company’s market capitalization is $399,889,984.

Parke Bancorp is the holding company for Parke Bank, a regional lender headquartered in Washington Township, New Jersey. The bank operates seven branches across southern New Jersey and Philadelphia, according to its investor-relations overview.

The company’s dividend announcement said the board anticipates continuing quarterly cash payments, while emphasizing that each distribution remains subject to board approval, financial conditions, and applicable legal and regulatory restrictions. The notice also cautioned that future dividends could be reduced or eliminated. Parke Bancorp’s dividend announcement

Earnings and balance-sheet context

Parke Bancorp subsequently reported stronger second-quarter operating results. Net income available to common shareholders rose from the year-earlier period, primarily because of higher net interest income and a lower provision for credit losses. Management attributed the improvement in interest income mainly to higher loan fees, market rates and average loan balances, while deposit and borrowing costs declined. Parke Bancorp’s second-quarter results

The company also reported that nonperforming loans declined during the first half, while total equity increased mainly through retained earnings, partly offset by dividend payments. Its quarterly SEC filing identifies Parke Bancorp as a commercial-bank holding company headquartered in New Jersey. Parke Bancorp’s quarterly SEC filing

What it means for income investors

The increase adds $0.02 per share to each quarterly payment and $0.08 per share to the annualized dividend compared with the previous rate. Parke Bancorp carries a dividend safety score of 88 out of 100, equivalent to an A grade. However, the locked data show no current consecutive annual-growth streak, so the increase should be viewed as a higher present payout rather than evidence of an established growth record. The board’s stated discretion over future declarations also means the annualized amount is not guaranteed.