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Arcos Dorados to Pay Fresh Dividend

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Arcos Dorados (NYSE: ARCO  ) has set its dividend policy for 2013. The company will distribute a total of just over $50 million during the year to its class A and class B shareholders. These will be distributed in four quarterly installments, the first of which amounts to $0.0597 per share and is to be paid April 5 to shareholders of record as of April 2.

This amount matches all of Arcos Dorados' previous quarterly disbursements. The company has paid a dividend since June 2011.

That dividend annualizes to $0.2388 per share, which yields 1.8% at the company's current stock price of $13.27.

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  • Report this Comment On March 26, 2013, at 7:08 AM, GordonsGecko wrote:

    So basically, no increase in the dividend again this year. It's getting more and more difficult to find any reasons to hold on to this company as an investment.

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Related Tickers

9/27/2016 4:00 PM
ARCO $5.41 Up +0.02 +0.37%
Arcos Dorados CAPS Rating: ****