Arko Corp. Declares Quarterly Dividend of $0.03 (NASDAQ:ARKO)

Arko Corp. (NASDAQ:ARKO - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Monday, May 20th will be given a dividend of 0.03 per share on Friday, May 31st. This represents a $0.12 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, May 17th.

Arko has a payout ratio of 240.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Arko to earn $0.07 per share next year, which means the company may not be able to cover its $0.12 annual dividend with an expected future payout ratio of 171.4%.

Arko Trading Up 3.0 %

ARKO stock traded up $0.15 during trading on Thursday, reaching $5.19. 559,424 shares of the stock were exchanged, compared to its average volume of 344,015. The firm has a market capitalization of $600.69 million, a price-to-earnings ratio of 20.20 and a beta of 0.36. Arko has a 1 year low of $4.09 and a 1 year high of $8.55. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 3.77. The business has a 50 day moving average price of $5.27 and a 200-day moving average price of $6.93.

Arko (NASDAQ:ARKO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.40 billion. Arko had a net margin of 0.37% and a return on equity of 12.32%. During the same quarter last year, the company posted $0.09 EPS. On average, research analysts predict that Arko will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other Arko news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value of $18,878,185.56. Following the transaction, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 21.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ARKO. BMO Capital Markets lowered their price objective on shares of Arko from $7.00 to $6.00 and set a "market perform" rating for the company in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of Arko from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Friday, April 19th.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.