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Arcos Dorados raised its quarterly dividend by 16.7% to $0.07 per share, citing sustainable earnings despite missing profit expectations.
Arcos Dorados Holdings Inc. announced a quarterly dividend of $0.07 per share, a 16.7% increase from the prior quarter, payable on April 2 to shareholders of record on March 30, with an annualized yield of 3.6%.
The company, the largest McDonald’s franchisee in the world, reported fourth-quarter earnings of $0.12 per share, below the $0.20 consensus, though revenue rose 10.7% year-over-year to $1.27 billion.
The stock closed at $7.68 on March 20, with analysts projecting $0.73 per share in earnings next year and a payout ratio of 32.9%, indicating sustainable dividend coverage.
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Arcos Dorados elevó su dividendo trimestral en un 16.7% a $0.07 por acción, citando ganancias sostenibles a pesar de las expectativas de ganancia faltantes.