Bowlero Corp. (NYSE:BOWL) Announces $0.06 Quarterly Dividend

Key Points

• Bowlero Corp. declared a quarterly dividend of $0.06, which will be paid to investors on September 12th, representing an annual yield of 2.2%.
• The company's payout ratio is 50.0%, indicating that the dividend is well-covered by earnings, with analysts projecting Bowlero to earn $0.36 per share next year.
• Bowlero's stock was trading at $10.21, with a market cap of $1.50 billion and a price-to-earnings ratio of -16.74.

Bowlero Corp. (NYSE:BOWL - Get Free Report) announced a quarterly dividend on Wednesday, August 20th, RTT News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.055 per share on Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%.

Bowlero has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bowlero to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 61.1%.

Bowlero Trading Up 5.2%

Shares of BOWL traded up $0.53 during mid-day trading on Friday, reaching $10.63. The company's stock had a trading volume of 133,639 shares, compared to its average volume of 583,815. The stock has a market cap of $1.56 billion, a PE ratio of -17.43 and a beta of 0.70. Bowlero has a 52 week low of $10.21 and a 52 week high of $13.18. The company's fifty day moving average price is $9.87 and its two-hundred day moving average price is $9.71.

About Bowlero

Bowlero Corp. operates bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brand names. The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. It operates bowling centers in the United States, Mexico, and Canada.