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.
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 may not 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.