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.
Fool contributor Eric Volkman has no position in Arcos Dorados. The Motley Fool owns shares of Arcos Dorados. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.