ARKO Corp. (ARKO) to Distribute Quarterly Dividend of $0.03 on August 31st

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

ARKO has a 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 research 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 Stock Performance

NASDAQ ARKO opened at $5.66 on Friday. ARKO has a 1-year low of $3.71 and a 1-year high of $8.76. The company has a market capitalization of $635.00 million, a P/E ratio of 80.86 and a beta of 1.00. The business has a 50 day moving average price of $7.80 and a 200 day moving average price of $6.71. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.62 and a quick ratio of 1.19.

ARKO (NASDAQ:ARKO) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $1.99 billion. ARKO had a return on equity of 9.10% and a net margin of 0.38%. Sell-side analysts expect that ARKO will post 0.29 EPS for the current fiscal year.

About ARKO

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.