ARKO Corp. (NASDAQ:ARKO) Shareholders Set to Receive $0.03 Quarterly Dividend

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.03 per share on Thursday, December 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 20th.

ARKO has a payout ratio of 300.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect ARKO to earn $0.13 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 92.3%.

ARKO Stock Performance

NASDAQ:ARKO opened at $3.86 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.15. The firm has a 50-day moving average of $4.21 and a two-hundred day moving average of $5.95. The stock has a market cap of $433.04 million, a P/E ratio of 55.14 and a beta of 0.99. ARKO has a 1-year low of $3.61 and a 1-year high of $8.76.

ARKO (NASDAQ:ARKO) last announced its earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). ARKO had a net margin of 0.19% and a return on equity of 4.02%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.02 billion. On average, research analysts expect that ARKO will post 0.11 earnings per share for the current fiscal year.

ARKO Company Profile

ARKO Corp. (NASDAQ: ARKO) is a convenience store and fuel retail operator in the United States. Through its subsidiary GPM Investments, the company operates convenience stores that sell gasoline, diesel fuel, food, beverages, tobacco products, and other everyday consumer goods. Many locations also offer prepared food, loyalty programs, and additional retail services.

ARKO operates stores under a variety of regional and national banners, including fas mart, E-Z Mart, Scotchman, Young’s, Li’l Cricket, BreadBox, and others.