Arcos Dorados Holdings Inc. (NYSE:ARCO) Declares Quarterly Dividend of $0.06

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 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, March 24th.

Arcos Dorados has a dividend 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 Price Performance

Shares of NYSE ARCO traded down $0.28 during mid-day trading on Thursday, hitting $7.95. 2,599,389 shares of the stock were exchanged, compared to its average volume of 1,295,473. Arcos Dorados has a twelve month low of $7.02 and a twelve month high of $11.92. The stock’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $8.28. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market cap of $1.67 billion, a P/E ratio of 11.35 and a beta of 1.09.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. As a group, analysts forecast that Arcos Dorados will post 0.63 EPS for the current fiscal year.

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.