Aramark (NYSE:ARMK – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 20th will be paid a dividend of 0.12 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, May 20th.
Aramark has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Aramark has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Aramark to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 18.7%.
Aramark Price Performance
Shares of ARMK stock traded up $0.55 on Wednesday, reaching $45.81. The company’s stock had a trading volume of 3,606,863 shares, compared to its average volume of 2,890,231. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. Aramark has a 12-month low of $35.07 and a 12-month high of $46.88. The company has a market capitalization of $12.04 billion, a P/E ratio of 38.50, a PEG ratio of 1.09 and a beta of 1.08. The stock’s 50 day simple moving average is $42.23 and its 200-day simple moving average is $39.70.
About Aramark
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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