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

Arcos Dorados Holdings Inc. (NYSE:ARCO) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Investors of record on Monday, December 22nd will be given a dividend of 0.06 per share by the restaurant operator on Friday, December 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, December 22nd.

Arcos Dorados has a dividend payout ratio of 29.6% 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

NYSE ARCO opened at $8.25 on Friday. Arcos Dorados has a 52-week low of $7.02 and a 52-week high of $11.49. The company has a 50-day simple moving average of $7.82 and a 200 day simple moving average of $8.27. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market capitalization of $1.74 billion, a PE ratio of 11.78 and a beta of 1.09.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, research analysts predict that Arcos Dorados will post 0.63 EPS for the current 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.