Arcos Dorados Holdings Inc. (ARCO) To Go Ex-Dividend on March 30th

Arcos Dorados Holdings Inc. (NYSE:ARCO) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Monday, March 30th will be paid a dividend of 0.07 per share by the restaurant operator on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, March 30th. This is a 16.7% increase from Arcos Dorados’s previous quarterly dividend of $0.06.

Arcos Dorados has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Arcos Dorados has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Arcos Dorados to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.9%.

Arcos Dorados Trading Down 2.6%

Shares of Arcos Dorados stock opened at $8.06 on Friday. The company has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $7.56. Arcos Dorados has a 12-month low of $6.51 and a 12-month high of $8.98. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 2.97 and a beta of 0.44.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Thursday, March 19th. The restaurant operator reported $0.12 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.08). Arcos Dorados had a return on equity of 8.12% and a net margin of 4.53%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. Arcos Dorados’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that Arcos Dorados will post 0.63 EPS for the current fiscal year.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.