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

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) announced a dividend on Wednesday, June 18th, investing.com reports. Stockholders of record on Wednesday, June 25th will be paid a dividend of 0.06 per share by the restaurant operator on Friday, June 27th. This represents a dividend yield of 3.13%. The ex-dividend date is Tuesday, June 24th.

Arcos Dorados has a dividend payout ratio of 30.0% indicating that 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 Price Performance

Shares of NYSE ARCO opened at $7.67 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 11.80 and a beta of 0.62. The company's 50-day moving average price is $7.53 and its 200 day moving average price is $7.70. Arcos Dorados has a 52 week low of $6.66 and a 52 week high of $10.55.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Arcos Dorados had a return on equity of 26.70% and a net margin of 3.00%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, research analysts forecast that Arcos Dorados will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arcos Dorados stock. Royal Bank of Canada lifted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 538,925 shares of the restaurant operator's stock after acquiring an additional 101,301 shares during the period. Royal Bank of Canada owned approximately 0.26% of Arcos Dorados worth $4,344,000 as of its most recent SEC filing. 55.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Arcos Dorados from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

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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