Arko Corp. (NASDAQ:ARKO) Plans $0.03 Quarterly Dividend

Arko Corp. (NASDAQ:ARKO) declared a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.03 per share on Tuesday, December 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, November 19th.

Arko has a payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.9 %

Shares of ARKO opened at $6.56 on Monday. Arko has a 1 year low of $4.09 and a 1 year high of $8.42. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. The stock has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $6.26. The firm has a market cap of $759.45 million, a P/E ratio of 41.00 and a beta of 0.47.

Arko (NASDAQ:ARKO) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arko had a return on equity of 8.88% and a net margin of 0.27%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, analysts forecast that Arko will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price target on shares of Arko from $5.00 to $6.25 and gave the company an “equal weight” rating in a research report on Thursday, August 8th.

About Arko

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.