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

Arko Corp. (NASDAQ:ARKO) 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. Equities 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 Price Performance

ARKO stock traded down $0.23 on Friday, reaching $6.61. The company had a trading volume of 337,896 shares, 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 company’s fifty day moving average is $6.72 and its 200 day moving average is $6.16. The company has a market cap of $765.24 million, a P/E ratio of 25.42 and a beta of 0.47. Arko has a 1 year low of $4.09 and a 1 year high of $8.42.

Arko (NASDAQ:ARKO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Arko had a return on equity of 13.12% and a net margin of 0.39%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business posted $0.11 EPS. On average, research analysts forecast that Arko will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their price objective on Arko from $5.00 to $6.25 and gave the company an “equal weight” rating in a research report on Thursday, August 8th.

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.