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

Arko Corp. (NASDAQ:ARKO) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.03 per share on Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, March 10th.

Arko has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 37.7 %

Shares of ARKO stock opened at $4.52 on Friday. The stock has a 50-day simple moving average of $6.83 and a 200 day simple moving average of $6.77. The stock has a market capitalization of $523.28 million, a P/E ratio of 28.25 and a beta of 0.50. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. Arko has a fifty-two week low of $4.09 and a fifty-two week high of $7.84.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut shares of Arko from a “buy” rating to a “hold” rating and reduced their target price for the stock from $8.50 to $7.50 in a report on Thursday.

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.