Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) announced a quarterly dividend on Tuesday, March 11th, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, March 24th.
Arcos Dorados has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 traded up $0.30 during trading hours on Friday, reaching $8.22. 3,497,253 shares of the company's stock traded hands, compared to its average volume of 1,289,955. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.76 and a beta of 1.09. The business's fifty day simple moving average is $7.80 and its two-hundred day simple moving average is $8.28. Arcos Dorados has a twelve month low of $7.02 and a twelve month high of $11.88. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57.
Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.06. The company had revenue of $1.14 billion for 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%. Analysts predict that Arcos Dorados will post 0.63 earnings per share for the current year.
Arcos Dorados Company Profile
(
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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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