Arko Corp. (NASDAQ:ARKO) to Issue $0.03 Quarterly Dividend

Arko Corp. (NASDAQ:ARKO) announced a quarterly dividend on Monday, October 28th,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 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, November 19th.

Arko has a payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Arko to earn $0.38 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 31.6%.

Arko Price Performance

Shares of NASDAQ:ARKO opened at $6.56 on Monday. The company has a 50 day moving average of $6.77 and a 200 day moving average of $6.26. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. The stock has a market cap of $759.45 million, a P/E ratio of 41.00 and a beta of 0.47. Arko has a 12 month low of $4.09 and a 12 month high of $8.42.

Arko (NASDAQ:ARKO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arko had a net margin of 0.27% and a return on equity of 8.88%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned $0.17 earnings per share. As a group, sell-side analysts forecast that Arko will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their price target on Arko from $5.00 to $6.25 and gave the company an “equal weight” rating in a report on Thursday, August 8th.

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.