Arcos Dorados Holdings Inc. (NYSE:ARCO) Announces Quarterly Dividend of $0.06

Arcos Dorados Holdings Inc. (NYSE:ARCO) declared a quarterly dividend on Tuesday, March 11th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be paid a dividend of 0.06 per share by the restaurant operator on Thursday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 24th.

Arcos Dorados has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Arcos Dorados to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.9%.

Arcos Dorados Trading Down 3.3 %

NYSE:ARCO traded down $0.28 during trading hours on Thursday, reaching $7.95. 2,599,389 shares of the stock were exchanged, compared to its average volume of 1,295,473. The business has a 50-day moving average of $7.79 and a two-hundred day moving average of $8.28. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.35 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados has a twelve month low of $7.02 and a twelve month high of $11.92.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. On average, equities analysts predict that Arcos Dorados will post 0.63 EPS for the current year.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.