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

ARKO Corp. (NASDAQ:ARKO) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.03 per share on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, March 10th.

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 $0.38 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 Up 5.7%

ARKO stock traded up $0.34 during midday trading on Thursday, hitting $6.26. 63,885 shares of the company’s stock were exchanged, compared to its average volume of 449,639. ARKO has a 1-year low of $3.51 and a 1-year high of $6.70. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 3.93. The stock has a market capitalization of $697.44 million, a PE ratio of 57.01 and a beta of 0.87. The business has a 50-day simple moving average of $5.35 and a two-hundred day simple moving average of $4.89.

About ARKO

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.