Park National Corporation
PRKFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
2.46%
Annual Dividend
$4.40
Payout Ratio
39%
5-Yr Growth
0.0%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Key facts about PRK's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Park National Corporation (PRK) has a forward dividend yield of 2.46%, based on an annual dividend of $4.40 per share and a share price of $178.65.
- As of Oct 18, 2026, PRK's dividend safety grade from SmarterDividends is B (71 out of 100), which rates the dividend as safe.
- PRK last cut its regular dividend in 2022.
- PRK's most recent ex-dividend date was Aug 21, 2026, for a dividend of $1.10 per share.
- As of Oct 18, 2026, PRK pays out 39% of its trailing 12-month earnings as dividends (its payout ratio).
- PRK's dividend has been roughly flat over the past five years.
- As of Oct 18, 2026, PRK's 2.46% yield is 30% below its five-year average yield of 3.49%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PRK is $201.75 per share, 13% above the $178.65 share price, so PRK screens as fairly valued.
- Park National Corporation (PRK) pays its dividend quarterly, 4 times a year.
- Park National Corporation (PRK) has raised its regular dividend 29 times and cut it 1 time across the 143 payments on record since 1991. Its most recent change was a 2.8% increase to $1.10 per share, going ex-dividend on Feb 20, 2026. The last cut went ex-dividend on Feb 24, 2009.
Cite this page
SmarterDividends, "PRK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PRK
Summary
As of Oct 18, 2026, Park National Corporation (PRK) yields 2.46% ($4.40 a year per share) and has a dividend safety grade of B (71/100).
Is PRK a good dividend stock?
Yes, with caveatsPark National Corporation (PRK) pays a quarterly dividend yielding 2.46% ($4.40/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 (39%)
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 2.46%
- Payout Ratio
- 39%
- Annual Dividend
- $4.40
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $3.2B
- P/E Ratio
- 16.0
- 5-Yr Total Return
- 37%
- 52-Week Range
- $149.06 – $215.00
- Dividend Safety
- B · 71/100
- Ever Cut?
- Yes (2022)
PRK dividend raises and cuts
Park National Corporation (PRK) has raised its regular dividend 29 times and cut it 1 time across the 143 payments on record since 1991. Its most recent change was a 2.8% increase to $1.10 per share, going ex-dividend on Feb 20, 2026. The last cut went ex-dividend on Feb 24, 2009.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 20, 2026 | Raise | $1.07 → $1.10 | +2.8% |
| Feb 14, 2025 | Raise | $1.06 → $1.07 | +0.9% |
| Feb 15, 2024 | Raise | $1.05 → $1.06 | +1.0% |
| Feb 16, 2023 | Raise | $1.04 → $1.05 | +1.0% |
| Feb 17, 2022 | Raise | $1.03 → $1.04 | +1.0% |
| May 20, 2021 | Raise | $1.02 → $1.03 | +1.0% |
| May 21, 2020 | Raise | $1.01 → $1.02 | +1.0% |
| May 16, 2019 | Raise | $0.960 → $1.01 | +5.2% |
| Aug 16, 2018 | Raise | $0.940 → $0.960 | +2.1% |
| Feb 24, 2009 | Cut | $0.950 → $0.940 | −1.1% |
| Nov 24, 2008 | Raise | $0.940 → $0.950 | +1.1% |
| Dec 17, 2007 | Raise | $0.930 → $0.940 | +1.1% |
Show all 30 changes since 1991
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 20, 2006 | Raise | $0.920 → $0.930 | +1.1% |
| Dec 16, 2005 | Raise | $0.900 → $0.920 | +2.2% |
| Dec 15, 2004 | Raise | $0.838 → $0.900 | +7.4% |
| Dec 17, 2003 | Raise | $0.790 → $0.838 | +6.0% |
| Dec 18, 2002 | Raise | $0.724 → $0.790 | +9.2% |
| Dec 19, 2001 | Raise | $0.676 → $0.724 | +7.0% |
| Dec 20, 2000 | Raise | $0.619 → $0.676 | +9.2% |
| Dec 21, 1999 | Raise | $0.544 → $0.619 | +13.8% |
| Dec 9, 1998 | Raise | $0.435 → $0.544 | +25.0% |
| Dec 8, 1997 | Raise | $0.363 → $0.435 | +20.0% |
| Dec 4, 1996 | Raise | $0.317 → $0.363 | +14.3% |
| Dec 6, 1995 | Raise | $0.272 → $0.317 | +16.7% |
| Dec 5, 1994 | Raise | $0.209 → $0.272 | +30.4% |
| Aug 22, 1994 | Raise | $0.204 → $0.209 | +2.2% |
| Feb 14, 1994 | Raise | $0.181 → $0.204 | +12.5% |
| Feb 12, 1993 | Raise | $0.159 → $0.181 | +14.3% |
| Aug 18, 1992 | Raise | $0.150 → $0.159 | +6.1% |
| Aug 20, 1991 | Raise | $0.136 → $0.150 | +10.0% |
Frequently Asked Questions
Is PRK a good dividend stock?
Yes, with caveats. Park National Corporation (PRK) pays a quarterly dividend yielding 2.46% ($4.40/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.
Is PRK undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PRK's fair value is about $201.75 versus a $178.65 share price — so it looks fairly valued (+13% vs. fair value).
Is PRK's dividend safe?
PRK has a dividend-safety grade of B (71/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.
What is PRK's fair value?
Our blended fair-value estimate for PRK is about $201.75 per share, roughly 13% above the current $178.65 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PRK a buy, hold, or sell?
We don't issue formal ratings, but on the data PRK screens as "yes, with caveats" and fairly valued. Park National Corporation (PRK) pays a quarterly dividend yielding 2.46% ($4.40/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. This is research for your own analysis, not investment advice.
Will PRK cut its dividend?
PRK earns a dividend-safety grade of B (71/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PRK pay a dividend?
Yes. Park National Corporation pays a quarterly dividend of about $4.40 per share annually, a forward yield of roughly 2.46%.
What is PRK's dividend yield?
As of Oct 18, 2026, PRK's forward dividend yield is 2.46%, based on a $4.40 annual dividend and a $178.65 share price.
What is PRK's dividend per share?
As of Oct 18, 2026, PRK pays $4.40 per share per year, distributed on a quarterly basis.
What is PRK's dividend payout ratio?
As of Oct 18, 2026, PRK's payout ratio is 39% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has PRK grown its dividend?
PRK does not currently have a long dividend-growth streak on record.
When is the next PRK ex-dividend date?
As of Oct 18, 2026, PRK's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $1.10 per share.
PRK Price — Last 12 Months
Daily close
Price Return
1 Year
+16%
3 Years
+61%
5 Years
+37%
52-Week Range
$149.06 – $215.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PRK worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Park National Corporation is $201.75 per share, versus a market price of $178.65. That implies the stock is roughly fairly priced.
Fair Value
$201.75
Current Price
$178.65
Gap
+13%
Margin of Safety
11%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $11.19 EPS, $4.40 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
Full PRK dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 10, 2026 | $1.1000 | regular |
| May 15, 2026 | Jun 10, 2026 | $1.1000 | regular |
| Feb 20, 2026 | Mar 10, 2026 | $1.1000 | regular |
| Nov 21, 2025 | Dec 10, 2025 | $2.3200 | regular |
| Aug 15, 2025 | Sep 10, 2025 | $1.0700 | regular |
| May 16, 2025 | Jun 10, 2025 | $1.0700 | regular |
| Feb 14, 2025 | Mar 10, 2025 | $1.0700 | regular |
| Nov 15, 2024 | Dec 10, 2024 | $1.5600 | regular |
| Aug 16, 2024 | Sep 10, 2024 | $1.0600 | regular |
| May 16, 2024 | Jun 10, 2024 | $1.0600 | regular |
| Feb 15, 2024 | Mar 8, 2024 | $1.0600 | regular |
| Nov 16, 2023 | Dec 8, 2023 | $1.0500 | regular |
| Aug 17, 2023 | Sep 8, 2023 | $1.0500 | regular |
| May 18, 2023 | Jun 9, 2023 | $1.0500 | regular |
Income Calculator
At $4.40 / yr per share
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