Arcos Dorados Holdings Inc. (ARCO) To Go Ex-Dividend on December 23rd

Arcos Dorados Holdings Inc. (NYSE:ARCO) declared a quarterly dividend on Tuesday, March 12th,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.06 per share by the restaurant operator on Friday, December 27th. This represents a $0.24 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Monday, December 23rd.

Arcos Dorados has raised its dividend by an average of 57.5% annually over the last three years. Arcos Dorados has a payout ratio of 31.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arcos Dorados to earn $0.80 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 30.0%.

Arcos Dorados Price Performance

ARCO opened at $7.50 on Friday. Arcos Dorados has a twelve month low of $7.20 and a twelve month high of $13.20. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 3.69 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $8.56 and a 200 day simple moving average of $8.98.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities research analysts expect that Arcos Dorados will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note 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.