Arcos Dorados Holdings Inc. (ARCO) To Go Ex-Dividend on December 22nd

Arcos Dorados Holdings Inc. (NYSE:ARCO) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Monday, December 22nd will be given a dividend of 0.06 per share by the restaurant operator on Friday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, December 22nd.

Arcos Dorados has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of ARCO stock opened at $8.25 on Friday. The company has a 50 day moving average price of $7.80 and a 200-day moving average price of $8.28. Arcos Dorados has a 52 week low of $7.02 and a 52 week high of $11.79. The firm has a market capitalization of $1.74 billion, a PE ratio of 11.78 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 (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts expect that Arcos Dorados will post 0.63 earnings per share for the current year.

About Arcos Dorados

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.