ARC Document Solutions, Inc. (NYSE:ARC) Announces Quarterly Dividend of $0.05

ARC Document Solutions, Inc. (NYSE:ARC) declared a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.05 per share by the business services provider on Friday, May 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Monday, April 29th.

ARC Document Solutions has raised its dividend payment by an average of 115.4% per year over the last three years. ARC Document Solutions has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ARC Document Solutions to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 62.5%.

ARC Document Solutions Price Performance

NYSE:ARC opened at $2.76 on Friday. The stock has a market capitalization of $119.15 million, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.88 and a beta of 1.22. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.68. The company has a quick ratio of 1.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $2.67 and its 200-day moving average price is $2.84.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $68.88 million during the quarter, compared to analyst estimates of $68.30 million. ARC Document Solutions had a net margin of 2.93% and a return on equity of 7.49%. As a group, equities analysts expect that ARC Document Solutions will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of ARC Document Solutions from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.