ARKO Corp. (ARKO) To Go Ex-Dividend on May 18th

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Thursday, April 16th. Investors of record on Monday, May 18th will be paid a dividend of 0.03 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, May 18th.

ARKO has a dividend payout ratio of 300.0% meaning 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 $0.39 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 30.8%.

ARKO Trading Down 2.0%

Shares of ARKO stock opened at $6.99 on Friday. The business’s fifty day moving average price is $5.99 and its 200 day moving average price is $5.40. ARKO has a 1-year low of $3.71 and a 1-year high of $7.34. The firm has a market capitalization of $784.21 million, a PE ratio of 36.79 and a beta of 0.94. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.62 and a quick ratio of 1.22.

ARKO (NASDAQ:ARKO) last posted its earnings results on Thursday, May 7th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. ARKO had a return on equity of 9.10% and a net margin of 0.38%.During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, sell-side analysts forecast that ARKO will post 0.29 EPS for the current fiscal year.

About ARKO

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.