Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Free Report) 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.
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.
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