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

Key Points

• Arcos Dorados Holdings Inc. announced a quarterly dividend of $0.06 per share, set to be paid on September 26th, with an annualized yield of 3.6%.
• The company reported earnings of $0.11 per share for the last quarter, surpassing analyst expectations, but revenue was slightly below estimates at $1.14 billion.
• Arcos Dorados has a dividend payout ratio of 30.0% and is expected to maintain its future dividends, as analysts forecast earnings of $0.73 per share next year.

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) announced a quarterly dividend on Tuesday, March 11th. Stockholders of record on Tuesday, September 23rd will be given a dividend of 0.06 per share by the restaurant operator on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 23rd.

Arcos Dorados has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. 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 Down 0.7%

ARCO opened at $6.70 on Friday. Arcos Dorados has a one year low of $6.51 and a one year high of $10.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. The stock's fifty day moving average is $7.02 and its 200-day moving average is $7.44. The company has a market capitalization of $1.41 billion, a PE ratio of 10.64, a P/E/G ratio of 1.31 and a beta of 0.63.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Arcos Dorados will post 0.63 EPS for the current fiscal 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.

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