Aramark (NYSE:ARMK – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.12 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th.
Aramark has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Aramark has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aramark to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 18.1%.
Aramark Stock Performance
Shares of ARMK stock opened at $56.84 on Thursday. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 1.07 and a beta of 1.12. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The business’s 50-day moving average price is $55.56 and its 200-day moving average price is $47.26. Aramark has a 12 month low of $35.07 and a 12 month high of $58.68.
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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