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

ARKO Corp. (NASDAQ:ARKO) announced a quarterly dividend on Thursday, May 7th. Investors of record on Monday, May 18th will be given a dividend of 0.03 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, May 18th.

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. Research analysts expect ARKO to earn $0.36 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 33.3%.

ARKO Price Performance

ARKO stock traded up $0.19 during trading on Thursday, hitting $6.71. The stock had a trading volume of 1,275,884 shares, compared to its average volume of 751,991. The stock has a market cap of $752.73 million, a price-to-earnings ratio of 47.93 and a beta of 0.94. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.22 and a current ratio of 1.66. The company’s 50 day moving average price is $5.90 and its two-hundred day moving average price is $5.28. ARKO has a 1-year low of $3.71 and a 1-year high of $7.07.

ARKO (NASDAQ:ARKO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. ARKO had a net margin of 0.30% and a return on equity of 8.58%. During the same period last year, the company earned ($0.12) EPS. On average, sell-side analysts forecast that ARKO will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ARKO in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ARKO currently has an average rating of “Hold” and an average target price of $7.00.

ARKO Company Profile

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.