Aramark (ARMK) to Issue Quarterly Dividend of $0.12 on December 17th

Aramark (NYSE:ARMK) announced a quarterly dividend on Monday, November 17th. Investors of record on Friday, December 5th will be paid a dividend of 0.12 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 5th. This is a 14.3% increase from Aramark’s previous quarterly dividend of $0.11.

Aramark has increased its dividend by an average of 0.9%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Aramark has a payout ratio of 18.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Aramark to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.7%.

Aramark Trading Up 1.9%

NYSE ARMK opened at $36.74 on Wednesday. The firm’s fifty day moving average is $38.45 and its two-hundred day moving average is $39.79. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a market cap of $9.66 billion, a PE ratio of 27.21 and a beta of 1.24.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.08). Aramark had a net margin of 2.02% and a return on equity of 15.67%. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the firm earned $0.54 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. Analysts expect that Aramark will post 1.92 earnings per share for the current year.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.