Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Free Report) declared 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 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Monday, December 22nd.
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 Price Performance
ARCO opened at $7.95 on Friday. The business’s 50-day moving average is $7.79 and its two-hundred day moving average is $8.28. Arcos Dorados has a 1 year low of $7.02 and a 1 year 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. The firm has a market capitalization of $1.67 billion, a PE ratio of 11.35 and a beta of 1.09.
Arcos Dorados Company Profile
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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