ARKO Corp. (ARKO) To Go Ex-Dividend on March 10th

ARKO Corp. (NASDAQ:ARKO) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.03 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, March 10th.

ARKO has a 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. Equities research 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 Trading Up 4.6%

Shares of NASDAQ ARKO opened at $6.19 on Friday. ARKO has a 12-month low of $3.51 and a 12-month high of $6.70. The company has a market cap of $689.75 million, a price-to-earnings ratio of 44.22 and a beta of 0.87. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 3.93. The stock’s 50 day simple moving average is $5.37 and its 200 day simple moving average is $4.90.

Hedge Funds Weigh In On ARKO

Several large investors have recently bought and sold shares of ARKO. Cerity Partners LLC lifted its stake in shares of ARKO by 7.3% in the 4th quarter. Cerity Partners LLC now owns 24,671 shares of the company’s stock worth $112,000 after acquiring an additional 1,685 shares during the period. Bridgeway Capital Management LLC raised its holdings in ARKO by 0.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,977 shares of the company’s stock worth $3,278,000 after purchasing an additional 1,992 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ARKO by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock worth $189,000 after purchasing an additional 2,028 shares during the period. Significant Wealth Partners LLC lifted its position in ARKO by 12.7% in the third quarter. Significant Wealth Partners LLC now owns 21,719 shares of the company’s stock worth $99,000 after purchasing an additional 2,453 shares during the period. Finally, SG Americas Securities LLC boosted its stake in ARKO by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 13,225 shares of the company’s stock valued at $60,000 after purchasing an additional 3,124 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

About ARKO

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.