ARKO Corp. (NASDAQ:ARKO) to Issue Quarterly Dividend of $0.03

ARKO Corp. (NASDAQ:ARKOGet Free Report) announced a quarterly dividend on Friday, August 7th. Investors of record on Thursday, August 20th will be paid a dividend of 0.03 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 20th.

ARKO has a dividend payout ratio of 300.0% 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 $0.39 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 30.8%.

ARKO Price Performance

Shares of NASDAQ:ARKO opened at $5.66 on Friday. The firm has a market capitalization of $635.00 million, a PE ratio of 29.79 and a beta of 1.00. The company has a quick ratio of 1.19, a current ratio of 1.62 and a debt-to-equity ratio of 1.93. The company has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $6.71. ARKO has a twelve month low of $3.71 and a twelve month high of $8.76.

ARKO (NASDAQ:ARKOGet Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.11). The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $1.99 billion. ARKO had a return on equity of 9.10% and a net margin of 0.38%. Equities analysts forecast that ARKO will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ARKO. Zacks Research cut shares of ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings cut shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Wall Street Zen lowered shares of ARKO from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Mizuho set a $22.00 price target on ARKO in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ARKO has a consensus rating of “Reduce” and an average price target of $22.00.

Check Out Our Latest Analysis on ARKO

ARKO Company Profile

(Get Free Report)

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.

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Dividend History for ARKO (NASDAQ:ARKO)

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