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Park Aerospace Corp (PKE) designs develops, and manufactures engineered, advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets including prototype tooling for such structures and assemblies.Its only operating business segment is Aerospace. Geographically, the company derives a majority of its revenue from North America and also has a presence through company operations in Asia and Europe.It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha StrutThe company was formerly known as Park Electrochemical Corp. and changed its name to Park Aerospace Corp. in July 2019.Park Aerospace Corp. was incorporated in 1954 and is based in Westbury, New York.Three key data points gaugePark Aerospace Corp or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money.
PKE Price
Over the past year, Park’s share price rose 26% from $12.41 to $15.68 as of Wednesday’s market close.If Park shares trade in the range of $12 to $20.00 this next year, its recent $15.68 share price might rise to $18.00 by next year. Of course, Park’s price could drop about the same $2.32 estimated amount or more.My annual upside estimate of $2.32 however, is calculated at about$1.00 above the average Park annual price gain over the past four years.
PKE Dividend
Park Aerospace Corp has paid quarterly dividends increasing annually since November 2022. Park’s recent Q dividend of $0.125 was declared on March 11, to shareholders of record on April 1st and payout is to be made May 3rd.The forward-looking $0.50 annual dividend yields 3.19% at Wednesday’s $15.68 share price.
PKE Returns
To put it all together, add Park’s stated annual dividend of $0.50 to the estimated price upside of $2.32 to find a $2.82 gross gain.At Wednesday’s $15.68 share price, a little over $1000 would buy 64 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, would cost us about $0.155 per share.Subtracting that likely $0.155 brokerage cost from the $2.82 gross gain produces a net gain of $2.665 X 64 shares = $170.56 for a 17% estimated net gain on the year.You might choose to pounce on Park Aerospace Corp It is a 70-year-old dividend-paying aerospace engine component supplier. Furthermore, the estimated $31.90 annual dividend income from $1k invested is just over 2 times greater than Park’s recent $15.68 single share price.The exact track of Park Aerospace Corp’s ongoing future price and dividend will be determined by market action.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Analysis: Kyocera Corp
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