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

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Friday, July 31st. 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 2.5%. The ex-dividend date of this dividend is Thursday, August 20th.

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 research analysts expect ARKO to earn $0.13 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 92.3%.

ARKO Price Performance

ARKO stock opened at $4.86 on Tuesday. The company has a market cap of $545.24 million, a price-to-earnings ratio of 69.43 and a beta of 1.00. The firm’s fifty day moving average is $7.44 and its 200 day moving average is $6.70. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. ARKO has a 52-week low of $3.71 and a 52-week high of $8.76.

ARKO (NASDAQ:ARKO) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). ARKO had a return on equity of 4.02% and a net margin of 0.19%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Sell-side analysts forecast that ARKO will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ARKO shares. Zacks Research lowered ARKO from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Raymond James Financial lowered ARKO from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $8.00 to $7.00 in a research note on Monday, August 10th. Wall Street Zen cut ARKO from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings raised ARKO from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Mizuho set a $22.00 price target on ARKO in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ARKO currently has a consensus rating of “Hold” and an average price target of $14.50.

ARKO Company Profile

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.