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

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Monday, July 7th, Wall Street Journal reports. Investors of record on Monday, August 18th will be given a dividend of 0.03 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 18th.

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. Equities 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 Down 2.6%

NASDAQ ARKO opened at $4.85 on Friday. ARKO has a 12 month low of $3.51 and a 12 month high of $7.84. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11. The company has a market capitalization of $546.79 million, a price-to-earnings ratio of 60.63 and a beta of 0.74. The firm’s fifty day moving average price is $4.49 and its 200 day moving average price is $4.77.

ARKO (NASDAQ:ARKO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. ARKO had a net margin of 0.18% and a return on equity of 5.50%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. On average, sell-side analysts expect that ARKO will post 0.2 earnings per share for the current fiscal year.

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.