ARKO Corp. (ARKO) To Go Ex-Dividend on November 20th

ARKO Corp. (NASDAQ:ARKO) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, November 20th will be given a dividend of $0.03 per share on Thursday, December 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, November 20th.

ARKO has a dividend 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. Research analysts expect ARKO to earn $0.13 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 92.3%.

ARKO Trading Up 2.8%

Shares of ARKO stock opened at $3.97 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $445.39 million, a P/E ratio of 79.42 and a beta of 0.99. The stock has a 50-day simple moving average of $4.20 and a 200 day simple moving average of $5.95. ARKO has a fifty-two week low of $3.61 and a fifty-two week high of $8.76.

ARKO (NASDAQ:ARKO) last posted its earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.02 billion. ARKO had a return on equity of 4.02% and a net margin of 0.19%. On average, sell-side analysts expect that ARKO will post 0.11 earnings per share for the current fiscal year.

About ARKO

ARKO Corp. (NASDAQ: ARKO) is a convenience store and fuel retail operator in the United States. Through its subsidiary GPM Investments, the company operates convenience stores that sell gasoline, diesel fuel, food, beverages, tobacco products, and other everyday consumer goods. Many locations also offer prepared food, loyalty programs, and additional retail services.

ARKO operates stores under a variety of regional and national banners, including fas mart, E-Z Mart, Scotchman, Young’s, Li’l Cricket, BreadBox, and others.