Arko Corp. (NASDAQ:ARKO – Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.03 per share on Tuesday, December 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, November 19th.
Arko has a payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arko to earn $0.32 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 37.5%.
Arko Stock Performance
Arko stock traded down $0.23 during midday trading on Friday, hitting $6.61. 337,896 shares of the company’s stock were exchanged, compared to its average volume of 249,637. The company has a debt-to-equity ratio of 3.97, a quick ratio of 1.06 and a current ratio of 1.58. The stock has a market cap of $765.24 million, a price-to-earnings ratio of 25.42 and a beta of 0.47. Arko has a 12-month low of $4.09 and a 12-month high of $8.42. The firm’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $6.16.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company raised their price objective on shares of Arko from $5.00 to $6.25 and gave the company an “equal weight” rating in a research report on Thursday, August 8th.
Check Out Our Latest Report on ARKO
About Arko
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.
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