Park Aerospace (PKE) DIvidends Date & History

Key Takeaways

• Park Aerospace Corp. (PKE) offers a trailing dividend yield of 1.45% with an annual payout of $0.50 per share, paid quarterly at $0.125.
• The payout ratio stands at 116.28%, indicating dividends exceed earnings and raise sustainability questions.
• Recent ex-dividend date was April 2, 2026, with payment scheduled for May 4, 2026.
• Free cash flow (FCF) of $3.42 million trailing twelve months falls short of the annual dividend obligation of approximately $10 million.
• Yield exceeds the aerospace industry average of around 1.2%, appealing for modest income in the sector.
• Low debt levels (debt-to-equity at 0.31%) provide some financial stability despite coverage challenges.

Dividend Overview

Park Aerospace Corp. (PKE), a developer and manufacturer of advanced composite materials for the aerospace market, maintains a consistent quarterly dividend policy. The company pays $0.125 per share each quarter, totaling $0.50 annually. This delivers a trailing dividend yield of 1.45% and a forward yield of 1.44%, based on recent share prices around $34.50. The most recent ex-dividend date was April 2, 2026, with payment due on May 4, 2026. PKE is not classified as a high-yield or rapid dividend growth stock but rather a modest, stable payer with a long history of distributions. Over the past five years, the average yield has been higher at 3.11%, reflecting periods of lower share prices. This profile suits investors seeking reliable income from the aerospace sector without aggressive growth expectations.

Dividend History and Growth

Park Aerospace has paid dividends consistently for decades, with records spanning 39 years. The annual dividend has remained stable at $0.50 per share in recent years, following a 5.26% increase in fiscal 2024 from prior levels. Quarterly payments of $0.125 have been maintained without interruptions, demonstrating commitment to shareholders. Historical data shows modest growth, with a five-year dividend growth rate of approximately 4.56%. There have been no recent cuts, and the company has distributed over $608 million in cash dividends since fiscal 2005. This steady approach aligns with PKE's conservative financial strategy in the cyclical aerospace industry, prioritizing reliability over aggressive expansion.

Dividend Sustainability and Payout Ratio

The sustainability of PKE's dividend is under pressure due to a payout ratio of 116.28%, meaning dividends exceed trailing twelve months earnings per share (EPS) of $0.43. Annual dividend payments total about $10 million across 19.93 million shares outstanding, surpassing net income of roughly $8.57 million. Operating cash flow stands at $5.55 million trailing twelve months, while free cash flow (FCF) is $3.42 million after $2.13 million in capital expenditures—insufficient to fully cover the dividend. However, minimal debt of $328,000 and a debt-to-equity ratio of 0.31% bolster the balance sheet. Strong cash reserves and historical consistency suggest short-term resilience, but prolonged earnings weakness could prompt adjustments.

Dividend Compared to Industry Peers

In the aerospace and defense industry, PKE's 1.45% yield outperforms the peer average of approximately 1.19%. For context, competitors like BWX Technologies (BWXT) offer around 0.47%, while broader sector yields lag at 0.89% for U.S. industrials. Other peers such as Heico Corp. (HEI) and National Presto Industries (NPK) provide varying profiles, often lower yields with stronger growth. PKE's modest yield positions it as a higher-income option relative to growth-oriented peers, though coverage metrics trail industry leaders.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener excels at identifying dividend stocks, income-focused investments, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. For dividend enthusiasts, it enables quick comparisons of yields, payout ratios, and growth across sectors like aerospace. Explore the AI Screener to uncover hidden gems in dividend investing.

Is This Stock Attractive for Dividend Investors?

Park Aerospace Corp. (PKE) may appeal to conservative income investors prioritizing stability and a yield above industry averages in the aerospace sector. Its decades-long payment history and low debt provide a margin of safety, making it suitable for those comfortable with modest 1.45% yields and quarterly payouts. Long-term holders focused on reliable cash returns rather than rapid growth could find value, especially amid sector tailwinds like defense spending. However, the elevated payout ratio over 116% and FCF shortfall warrant caution for yield chasers or those seeking robust coverage. Dividend growth investors may look elsewhere due to limited recent increases. Overall, PKE fits portfolios emphasizing preservation over aggressive income strategies, balanced against cyclical industry risks.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations