Ark Restaurants Corp Announces Quarterly Dividend of $0.25 (ARKR)

Ark Restaurants Corp (NASDAQ:ARKR) announced a quarterly dividend on Wednesday, June 12th, Analyst Ratings.Net reports. Investors of record on Friday, June 21st will be paid a dividend of $0.25 per share on Tuesday, July 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.63%.

On the ratings front, analysts at Thomson Reuters/Verus downgraded shares of Ark Restaurants Corp from a “buy” rating to a “hold” rating in a research note to investors on Monday, May 20th.

Shares of Ark Restaurants Corp (NASDAQ: ARKR) traded down 3.19% during mid-day trading on Wednesday, hitting $20.91. Ark Restaurants Corp has a 52 week low of $13.86 and a 52 week high of $22.00. The stock’s 50-day moving average is currently $21.3. The company has a market cap of $67.8 million and a P/E ratio of 15.53.

Ark Restaurants Corp (NASDAQ: ARKR) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.08) EPS for the quarter. The company had revenue of $29.09 million for the quarter, compared to the consensus estimate of $29.89 million.

Ark Restaurants Corp. (NASDAQ: ARKR) owns and/or operates 22 restaurants and bars, 29 fast food concepts and catering operations through its subsidiaries.

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