Arcos Dorados Holdings Inc. (ARCO) To Go Ex-Dividend on June 22nd

Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Free Report) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Monday, June 22nd will be given a dividend of 0.07 per share by the restaurant operator on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 22nd.

Arcos Dorados has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Arcos Dorados has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Arcos Dorados to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 20.7%.

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Arcos Dorados Stock Down 0.2%

NYSE ARCO opened at $8.53 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 7.69 and a beta of 0.46. Arcos Dorados has a one year low of $6.51 and a one year high of $9.75. The stock’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $8.21. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.80 and a quick ratio of 0.73.

Arcos Dorados (NYSE:ARCO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that Arcos Dorados will post 0.73 earnings per share for the current fiscal year.

About Arcos Dorados

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Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.

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