Arcos Dorados Holding Inc to Issue Quarterly Dividend of $0.03 (ARCO)

Arcos Dorados Holding Inc (NYSE:ARCO) declared a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Shareholders of record on Monday, December 9th will be paid a dividend of 0.03 per share by the restaurant operator on Thursday, December 12th. This represents a $0.12 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, December 6th.

Arcos Dorados has increased its dividend by an average of 18.9% annually over the last three years. Arcos Dorados has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings.

ARCO traded down $0.02 during midday trading on Friday, hitting $6.94. 468,337 shares of the company were exchanged, compared to its average volume of 437,038. The company has a market capitalization of $1.46 billion, a PE ratio of 38.56 and a beta of 1.02. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59. Arcos Dorados has a 1-year low of $6.05 and a 1-year high of $9.50.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, March 27th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). Arcos Dorados had a net margin of 1.20% and a return on equity of 8.87%. The business had revenue of $753.34 million during the quarter. Equities research analysts predict that Arcos Dorados will post 0.4 EPS for the current fiscal year.

ARCO has been the subject of several recent analyst reports. ValuEngine lowered Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America reaffirmed an “underperform” rating on shares of Arcos Dorados in a report on Tuesday, January 22nd.

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About Arcos Dorados

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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

See Also: Front-End Load

Dividend History for Arcos Dorados (NYSE:ARCO)

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