Ark Restaurants Corp Plans Quarterly Dividend of $0.25 (ARKR)
Ark Restaurants Corp (NASDAQ:ARKR) declared a quarterly dividend on Wednesday, March 7th, Wall Street Journal reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, April 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, March 16th.
Ark Restaurants (NASDAQ:ARKR) opened at $24.75 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 0.17. Ark Restaurants has a 52 week low of $21.75 and a 52 week high of $29.49. The firm has a market capitalization of $85.06, a PE ratio of 32.14 and a beta of 0.21.
Ark Restaurants (NASDAQ:ARKR) last announced its quarterly earnings results on Wednesday, December 27th. The restaurant operator reported $0.37 earnings per share for the quarter. Ark Restaurants had a return on equity of 6.45% and a net margin of 2.54%. The firm had revenue of $39.47 million during the quarter.
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Ark Restaurants Corp. owns and operates restaurants, bars, fast food concepts and catering operations. As of October 1, 2016, the Company owned and/or operated 21 restaurants and bars, 19 fast food concepts and catering operations through its subsidiaries. As of October 1, 2016, six of its restaurant and bar facilities were located in New York City; two were located in Washington, DC; five were located in Las Vegas, Nevada; three were located in Atlantic City, New Jersey; one was located at the Foxwoods Resort Casino in Ledyard, Connecticut; one was located in the Faneuil Hall Marketplace in Boston, Massachusetts, and three were located on the east coast of Florida.
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