ARKO Corp. (NASDAQ:ARKO) Shares to Pay Quarterly Dividend of $0.03

ARKO Corp. (NASDAQ:ARKO) announced a quarterly dividend on Thursday, November 5th. Investors 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 annualized dividend and a yield of 3.1%. 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. Equities 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 Stock Performance

NASDAQ ARKO traded down $0.18 on Thursday, reaching $3.86. 1,146,895 shares of the stock were exchanged, compared to its average volume of 823,241. ARKO has a one year low of $3.61 and a one year high of $8.76. The firm has a market capitalization of $433.05 million, a PE ratio of 55.14 and a beta of 0.99. The company’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $5.96. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 1.82.

ARKO (NASDAQ:ARKO) last issued its quarterly 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 firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.02 billion. ARKO had a net margin of 0.19% and a return on equity of 4.02%. Analysts expect that ARKO will post 0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

ARKO has been the topic of several recent analyst reports. Zacks Research upgraded shares of ARKO from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Raymond James Financial lowered ARKO from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $8.00 to $7.00 in a research note on Monday, August 10th. Mizuho set a $22.00 price target on ARKO in a research note on Tuesday, July 28th. Finally, Weiss Ratings cut ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.50.

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.