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

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, November 17th will be given a dividend of 0.03 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 17th.

ARKO has a payout ratio of 300.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Up 2.9%

NASDAQ:ARKO opened at $4.55 on Thursday. The firm has a market capitalization of $512.98 million, a PE ratio of 56.88 and a beta of 0.77. The stock has a 50 day moving average of $4.57 and a 200-day moving average of $4.55. ARKO has a 52 week low of $3.51 and a 52 week high of $7.84. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 4.07.

ARKO (NASDAQ:ARKO) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%. Analysts predict that ARKO will post 0.2 EPS for the current year.

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.