ARC Document Solutions, Inc. (NYSE:ARC – Get Free Report) declared a quarterly dividend on Monday, May 6th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.05 per share by the business services provider on Friday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date is Wednesday, July 31st.
ARC Document Solutions has increased its dividend by an average of 115.4% per year over the last three years. ARC Document Solutions has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ARC Document Solutions to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 62.5%.
ARC Document Solutions Stock Up 3.7 %
ARC Document Solutions stock traded up $0.10 during mid-day trading on Wednesday, reaching $2.77. The stock had a trading volume of 66,512 shares, compared to its average volume of 137,550. The company has a market capitalization of $119.58 million, a price-to-earnings ratio of 15.50, a PEG ratio of 0.86 and a beta of 1.21. The company has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.83. ARC Document Solutions has a one year low of $2.56 and a one year high of $3.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 1.40.
Wall Street Analyst Weigh In
Separately, TheStreet cut shares of ARC Document Solutions from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.
View Our Latest Research Report on ARC
About ARC Document Solutions
ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.
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