Aramark (NYSE:ARMK) Plans Dividend Increase – $0.12 Per Share

Aramark (NYSE:ARMK) declared a quarterly dividend on Monday, November 17th. Investors of record on Friday, December 5th will be given a dividend of 0.12 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 5th. This is a 14.3% increase from Aramark’s previous quarterly dividend of $0.11.

Aramark has increased its dividend payment by an average of 0.9%annually over the last three years and has raised its dividend every year for the last 1 years. Aramark has a payout ratio of 18.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Aramark to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.7%.

Aramark Stock Down 5.0%

Shares of NYSE ARMK opened at $36.14 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. The firm has a market cap of $9.50 billion, a PE ratio of 26.77 and a beta of 1.24. The company’s fifty day simple moving average is $38.49 and its 200 day simple moving average is $39.77. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Monday, November 17th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.16 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. As a group, sell-side analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.