Arko Corp. (NASDAQ:ARKO – Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.03 per share on Tuesday, December 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, November 19th.
Arko has a payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arko to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 37.5%.
Arko Trading Down 3.4 %
Arko stock traded down $0.23 during trading hours on Friday, hitting $6.61. The company had a trading volume of 337,896 shares, compared to its average volume of 249,637. The firm has a market cap of $765.24 million, a P/E ratio of 25.42 and a beta of 0.47. Arko has a 1 year low of $4.09 and a 1 year high of $8.42. The company has a debt-to-equity ratio of 3.97, a quick ratio of 1.06 and a current ratio of 1.58. The company has a 50-day moving average price of $6.72 and a two-hundred day moving average price of $6.16.
Analyst Ratings Changes
Separately, Wells Fargo & Company boosted their target price on shares of Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th.
View Our Latest Stock Report on Arko
About Arko
Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.
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