Arcos Dorados Holding Inc (NYSE:ARCO) to Issue Quarterly Dividend of $0.03

Arcos Dorados Holding Inc (NYSE:ARCO) declared a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Investors of record on Monday, December 9th will be paid a dividend of 0.03 per share by the restaurant operator on Thursday, December 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, December 6th.

Shares of NYSE:ARCO opened at $7.33 on Thursday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 40.72 and a beta of 1.15. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 3.72. Arcos Dorados has a 12-month low of $5.92 and a 12-month high of $9.22. The business’s 50 day moving average is $7.44 and its 200 day moving average is $7.15.

ARCO has been the topic of several analyst reports. Bank of America raised Arcos Dorados from an “underperform” rating to a “buy” rating in a research report on Monday, October 21st. ValuEngine raised Arcos Dorados from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Zacks Investment Research raised Arcos Dorados from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $9.33.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

See Also: What is the LIBOR?

Dividend History for Arcos Dorados (NYSE:ARCO)

Receive News & Ratings for Arcos Dorados Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados and related companies with MarketBeat.com's FREE daily email newsletter.