- ESP is an undiscovered high-yield dividend stock with a pristine balance sheet thanks to its zero debt, a significant amount of cash, consistent profitability, positive OCF and FCF.
- I project that the company's strong fundamentals including its free cash flow will remain in place in the foreseeable future, and therefore, its rich dividend is sustainable.
- This is why I advised subscribers to my research who are income seekers to buy ESP at $16.80 per share in June 2020.
- Although I believe that ESP currently is fairly valued at $21 per share, ESP is a high-yield dividend stock that's worth being in a well-diversified income portfolio.
- The yield currently is about 4.5%.
For further details see:
Espey Manufacturing & Electronics: An Undiscovered Stock With A Sustainable And Rich Dividend