Arko Corp. (ARKO) to Issue Quarterly Dividend of $0.03 on May 30th

Arko Corp. (NASDAQ:ARKO) declared a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.03 per share on Friday, May 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Monday, May 19th.

Arko has a dividend payout ratio of 1,200.0% indicating that 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 $0.38 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 31.6%.

Arko Trading Up 7.2 %

Shares of NASDAQ ARKO opened at $4.77 on Friday. Arko has a 1-year low of $3.51 and a 1-year high of $7.84. The business has a fifty day moving average price of $4.06 and a 200 day moving average price of $5.84. The stock has a market capitalization of $547.02 million, a P/E ratio of 29.81 and a beta of 0.72. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13.

Arko (NASDAQ:ARKO) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. Arko had a net margin of 0.27% and a return on equity of 8.88%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.85 billion. Equities research analysts expect that Arko will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Capital One Financial initiated coverage on Arko in a report on Thursday. They set an “overweight” rating and a $8.00 price objective for the company. Stifel Nicolaus downgraded Arko from a “buy” rating to a “hold” rating and lowered their price target for the stock from $8.50 to $7.50 in a report on Thursday, February 27th. Finally, Raymond James cut their price objective on shares of Arko from $11.00 to $10.00 and set a “strong-buy” rating on the stock in a report on Friday.

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.