Arcos Dorados Holdings Inc. (ARCO) to Issue Quarterly Dividend of $0.06 on March 27th

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 is Monday, March 24th.

Arcos Dorados has a payout ratio of 29.6% meaning 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 Stock Performance

ARCO stock traded down $0.28 during midday trading on Thursday, reaching $7.95. 2,599,389 shares of the company’s stock traded hands, compared to its average volume of 1,295,473. Arcos Dorados has a 52-week low of $7.02 and a 52-week high of $11.92. The stock has a market cap of $1.67 billion, a P/E ratio of 11.35 and a beta of 1.09. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The stock’s 50-day moving average is $7.79 and its 200 day moving average is $8.28.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating 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 business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, analysts anticipate that Arcos Dorados will post 0.63 EPS 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.