ARKO Corp. (ARKO) To Go Ex-Dividend on November 17th

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Wednesday, October 29th. Investors of record on Monday, November 17th will be paid a dividend of 0.03 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, November 17th.

ARKO has a payout ratio of 300.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 0.2%

Shares of NASDAQ:ARKO opened at $4.37 on Friday. The firm has a market capitalization of $486.95 million, a PE ratio of 54.63 and a beta of 0.78. ARKO has a 1 year low of $3.51 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11. The firm’s 50-day moving average is $4.48 and its two-hundred day moving average is $4.55.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). ARKO had a net margin of 0.18% and a return on equity of 5.50%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Analysts predict that ARKO will post 0.2 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ARKO. Raymond James Financial set a $8.00 price target on shares of ARKO and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of ARKO in a report on Wednesday, November 5th. Zacks Research lowered ARKO from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen downgraded ARKO from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.13.

About ARKO

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.