Arcos Dorados Holdings Inc. (NYSE:ARCO) Plans Quarterly Dividend of $0.06

Arcos Dorados Holdings Inc. (NYSE:ARCO) declared a quarterly dividend on Tuesday, March 11th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.06 per share by the restaurant operator on Thursday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Monday, March 24th.

Arcos Dorados has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Arcos Dorados to earn $0.73 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 32.9%.

Arcos Dorados Price Performance

ARCO opened at $8.19 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a market capitalization of $1.72 billion, a P/E ratio of 11.69 and a beta of 1.09. The company’s 50-day simple moving average is $7.90 and its two-hundred day simple moving average is $8.26. Arcos Dorados has a 52-week low of $7.02 and a 52-week high of $11.49.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. As a group, analysts predict that Arcos Dorados will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Tuesday.

About Arcos Dorados

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.