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

Arcos Dorados Holdings Inc. (NYSE:ARCO) declared a quarterly dividend on Tuesday, March 11th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of 0.06 per share by the restaurant operator on Friday, September 26th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 23rd.

Arcos Dorados has a dividend payout ratio of 30.0% 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 Stock Performance

Shares of NYSE ARCO opened at $6.70 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 1.31 and a beta of 0.63. The business’s 50-day simple moving average is $7.02 and its 200-day simple moving average is $7.44. Arcos Dorados has a 52 week low of $6.51 and a 52 week high of $10.27.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.22 billion. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts expect that Arcos Dorados will post 0.63 earnings per share 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.