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

Arko Corp. (NASDAQ:ARKO) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.03 per share on Tuesday, December 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, November 19th.

Arko has a payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arko to earn $0.32 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 37.5%.

Arko Stock Down 3.4 %

NASDAQ:ARKO traded down $0.23 during mid-day trading on Friday, reaching $6.61. The stock had a trading volume of 337,896 shares, compared to its average volume of 249,637. The company has a market capitalization of $765.24 million, a price-to-earnings ratio of 25.42 and a beta of 0.47. Arko has a 1-year low of $4.09 and a 1-year high of $8.42. The stock’s 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $6.16. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.58 and a quick ratio of 1.06.

Arko (NASDAQ:ARKO) last issued its earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Arko had a net margin of 0.39% and a return on equity of 13.12%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Equities analysts anticipate that Arko will post 0.31 EPS for the current year.

Analysts Set New Price Targets

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

Arko Company Profile

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.