Arcos Dorados Holdings Inc. (ARCO) To Go Ex-Dividend on September 24th

Arcos Dorados Holdings Inc. (NYSE:ARCO) announced a quarterly dividend on Tuesday, March 12th, Wall Street Journal reports. Shareholders of record on Tuesday, September 24th will be paid a dividend of 0.06 per share by the restaurant operator on Friday, September 27th. This represents a $0.24 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, September 24th.

Arcos Dorados has raised its dividend payment by an average of 57.5% annually over the last three years. Arcos Dorados has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Arcos Dorados to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 27.3%.

Arcos Dorados Stock Down 3.4 %

Shares of ARCO opened at $8.35 on Friday. Arcos Dorados has a 12 month low of $8.08 and a 12 month high of $13.20. The firm’s 50 day moving average is $9.16 and its 200-day moving average is $9.94. The stock has a market capitalization of $1.76 billion, a PE ratio of 10.31, a P/E/G ratio of 2.34 and a beta of 1.17. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.52.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts forecast that Arcos Dorados will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, September 13th.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.