Arko Corp. (NASDAQ:ARKO) Plans Quarterly Dividend of $0.03

Arko Corp. (NASDAQ:ARKO) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.03 per share on Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, March 10th.

Arko has a dividend payout ratio of 37.5% 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

NASDAQ ARKO opened at $4.52 on Friday. The company has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $6.77. Arko has a 52 week low of $4.09 and a 52 week high of $7.84. The stock has a market cap of $523.28 million, a price-to-earnings ratio of 28.25 and a beta of 0.50. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered Arko from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $8.50 to $7.50 in a report on Thursday.

Arko Company Profile

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.