ARC Document Solutions, Inc. (NYSE:ARC) Announces Quarterly Dividend of $0.05

ARC Document Solutions, Inc. (NYSE:ARC) declared a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.05 per share by the business services provider on Friday, May 31st. This represents a $0.20 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Monday, April 29th.

ARC Document Solutions has raised its dividend by an average of 115.4% annually over the last three years. ARC Document Solutions has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect ARC Document Solutions to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 62.5%.

ARC Document Solutions Price Performance

NYSE ARC opened at $2.76 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.34. ARC Document Solutions has a 12 month low of $2.56 and a 12 month high of $3.68. The stock has a market cap of $119.15 million, a price-to-earnings ratio of 15.33, a PEG ratio of 0.88 and a beta of 1.22. The company’s 50 day moving average is $2.67 and its two-hundred day moving average is $2.84.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). ARC Document Solutions had a return on equity of 7.49% and a net margin of 2.93%. The firm had revenue of $68.88 million during the quarter, compared to analysts’ expectations of $68.30 million. As a group, research analysts anticipate that ARC Document Solutions will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of ARC Document Solutions from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.