Park National Corporation
PRKFinancial Services · Stock · quarterly payer
Forward Yield
2.29%
Annual Dividend
$4.34
Payout Ratio
40%
5-Yr Growth
0.0%
Ex-Date
May 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Park National Corporation (PRK) yields 2.29% ($4.34 per share annually), with a blended fair-value estimate of $324.64 — +71% upside, so it screens as undervalued. Dividend safety grade: B (68/100).
Is PRK a good dividend stock?
Yes, with caveatsPark National Corporation (PRK) pays a quarterly dividend yielding 2.29% ($4.34/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (40%)
- 62% total price return over 5 years
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 2.29%
- Payout Ratio
- 40%
- Annual Dividend
- $4.34
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- May 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.69
- Market Cap
- $3.4B
- P/E Ratio
- 17.2
- 5-Yr Total Return
- 62%
- 52-Week Range
- $149.06 – $192.77
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
PRK Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+86%
5 Years
+62%
52-Week Range
$149.06 – $192.77
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PRK worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Park National Corporation is $324.64 per share, versus a market price of $189.47. That implies 71% of upside — a margin of safety of about 42%.
Fair Value
$324.64
Current Price
$189.47
Upside
+71%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.7% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $10.89 EPS, $4.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PRK Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $1.1000 | regular |
| Feb 20, 2026 | — | $1.1000 | regular |
| Nov 21, 2025 | — | $2.3200 | regular |
| Aug 15, 2025 | — | $1.0700 | regular |
| May 16, 2025 | — | $1.0700 | regular |
| Feb 14, 2025 | — | $1.0700 | regular |
| Nov 15, 2024 | — | $1.5600 | regular |
| Aug 16, 2024 | — | $1.0600 | regular |
| May 16, 2024 | — | $1.0600 | regular |
| Feb 15, 2024 | — | $1.0600 | regular |
| Nov 16, 2023 | — | $1.0500 | regular |
| Aug 17, 2023 | — | $1.0500 | regular |
| May 18, 2023 | — | $1.0500 | regular |
| Feb 16, 2023 | — | $1.0500 | regular |
Income Calculator
At $4.34 / yr per share
