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

Arcos Dorados Holdings Inc. (NYSE:ARCO) announced a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.06 per share by the restaurant operator on Friday, December 26th. This represents a $0.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, December 22nd.

Arcos Dorados has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 ARCO opened at $8.25 on Friday. The company has a 50 day moving average price of $7.80 and a 200-day moving average price of $8.28. Arcos Dorados has a fifty-two week low of $7.02 and a fifty-two week high of $11.79. The stock has a market capitalization of $1.74 billion, a PE ratio of 11.78 and a beta of 1.09. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Equities analysts predict that Arcos Dorados will post 0.63 earnings per share 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.