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Park Aerospace Stock: Huge Potential And Major Dividend Hike

Mar. 02, 2023 7:02 AM ETPark Aerospace Corp. (PKE)BA, DAL, EADSF, EADSY4 Comments


  • Park Aerospace has increased its dividend and instated a special dividend.
  • Stock price has surged 60% since October with future growth drivers still in place.
  • Currently, Park Aerospace has a 3% yield, but future dividend hikes driven by significant growth of the company's key programs could provide a nice yield on cost.
  • Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More »
Passenger aircraft on maintenance of engine and fuselage repair in airport hangar

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I’ve been following Park Aerospace (NYSE:PKE) since July last year, the company has promising prospects but with supply chain issues and inflation Park Aerospace saw significant pressure on its ability to deliver as desired. Despite the current pressures, share prices have surged

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This article was written by

Dhierin Bechai profile picture

Dhierin-Perkash Bechai is an aerospace, defense and airline analyst.

Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BA, EADSF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (4)

autofocus111 profile picture
The $20M redundant plant expansion is now complete but basically it's an empty shell. The potential AFP JV has a $10M capex spend and I presume the equipment would go in that new space. Even after the paying the one-time dividend and costs of proceeding with that potential AFP project, PKE is sitting pretty with piles of 'cash' on the balance sheet to deploy if/as opportunities arise. With the nice bump in regular dividend, I am content to hold and wait as the story develops.
Larry Saunders profile picture
@Dhierin Bechai , appreciate the update. One comment, I think overlooked the same thing I overlooked in my very first PKE article on SA a few years ago, when I looked only at cash & equivalents on the balance sheet and didn't include marketable securities. They have ~$98 million in marketable securities per most recent 10-K, so funding the dividend shouldn't be a problem.
Dhierin Bechai profile picture
@Larry Saunders Good point, missed it. In that case funding the dividend is not a problem at all indeed. Not sure, how I overlooked it.
autofocus111 profile picture
@Larry Saunders Correct. And PKE has a history of paying out substantial special dividends so this is not suprising given the ~100M effectively 'in the bank'.
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