Arcos Dorados Holdings Inc. (NYSE:ARCO) Plans Quarterly Dividend of $0.07

Arcos Dorados Holdings Inc. (NYSE:ARCO) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.07 per share by the restaurant operator on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 22nd.

Arcos Dorados has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Arcos Dorados has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities research 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

Shares of Arcos Dorados stock traded down $0.02 on Thursday, reaching $7.68. 1,178,375 shares of the stock were exchanged, compared to its average volume of 1,307,231. Arcos Dorados has a 1-year low of $6.51 and a 1-year high of $8.98. The business has a fifty day moving average price of $8.16 and a two-hundred day moving average price of $7.51. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.32.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Thursday, March 19th. The restaurant operator reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.08). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Arcos Dorados had a net margin of 5.39% and a return on equity of 20.42%. Arcos Dorados’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, research analysts expect that Arcos Dorados will post 0.63 earnings per share for the current fiscal year.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.