Arcos Dorados Keeps Dividend Steady

Arcos Dorados (NYSE: ARCO  ) is serving up another tray of shareholder payout. The company has declared its latest quarterly dividend, which amounts to a total of $12.5 million. This equates to roughly $0.0596 per share of the firm's class A and B shares. The distribution will be paid on October 4 to shareholders of record as of October 1. That amount is in line with the firm's previous disbursement, which was handed out at the beginning of July. Prior to that, Arcos Dorados paid slightly more -- $0.0597 per share.

The just-declared dividend annualizes to nearly $0.24 per share. That yields just under 2% at Arcos Dorados' most recent closing stock price of $12.21.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2648029, ~/Articles/ArticleHandler.aspx, 9/20/2014 10:09:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement