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Arcos Dorados Sets Q2 Dividend

Latin American McDonald's franchisee Arcos Dorados (NYSE: ARCO  ) announced today its second-quarter dividend of $0.0596 per share on its Class A and Class B stock, slightly lower than the steady rate of $0.0597 per share it's paid since 2011.

The board of directors said the quarterly dividend is payable on July 5 to the holders of record at the close of business on July 2. The company will be paying out $12.5 million in cash dividends this quarter.

The regular dividend payment equates to approximately a $0.24-per-share annual dividend, yielding 1.8% based on the closing price of Arcos Dorados' stock on June 18.

ARCO Dividend Chart

ARCO Dividend data by YCharts

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DocumentId: 2499069, ~/Articles/ArticleHandler.aspx, 9/30/2016 2:58:06 AM

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9/29/2016 4:00 PM
ARCO $5.27 Down -0.18 -3.30%
Arcos Dorados CAPS Rating: ****