ARKO Corp - said on August 4, 2023 that its board of directors declared a regular quarterly dividend of $0.03 per share ($0.12 annualized). Previously, the company paid $0.03 per share.
Shareholders of record as of August 15, 2023 will receive the payment on September 1, 2023.
At the current share price of $8.24 / share, the stock's dividend yield is 1.46%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.21%, the lowest has been 0.73%, and the highest has been 1.70%. The standard deviation of yields is 0.19 (n=219).
The current dividend yield is 1.28 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.31. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.08%.
What is the Fund Sentiment?
There are 270 funds or institutions reporting positions in ARKO Corp -. This is a decrease of 13 owner(s) or 4.59% in the last quarter. Average portfolio weight of all funds dedicated to ARKO is 0.11%, an increase of 53.10%. Total shares owned by institutions increased in the last three months by 75.73% to 103,900K shares. 
The put/call ratio of ARKO is 0.10, indicating a bullish outlook.
Analyst Price Forecast Suggests 28.86% Upside
As of August 2, 2023, the average one-year price target for ARKO Corp - is 10.62. The forecasts range from a low of 7.58 to a high of $13.96. The average price target represents an increase of 28.86% from its latest reported closing price of 8.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ARKO Corp - is 9,384MM, an increase of 2.14%. The projected annual non-GAAP EPS is 0.56.
What are Other Shareholders Doing?
Davidson Kempner Capital Management holds 23,140K shares representing 19.50% ownership of the company. In it's prior filing, the firm reported owning 533K shares, representing an increase of 97.70%. The firm increased its portfolio allocation in ARKO by 18,424.86% over the last quarter.
Davidson Kempner Partners holds 23,140K shares representing 19.50% ownership of the company.
HP Holding LLC f holds 10,242K shares representing 8.63% ownership of the company. No change in the last quarter.
CDAM holds 3,875K shares representing 3.27% ownership of the company. In it's prior filing, the firm reported owning 3,872K shares, representing an increase of 0.08%. The firm decreased its portfolio allocation in ARKO by 9.07% over the last quarter.
Invesco holds 3,808K shares representing 3.21% ownership of the company. In it's prior filing, the firm reported owning 3,873K shares, representing a decrease of 1.69%. The firm decreased its portfolio allocation in ARKO by 8.18% over the last quarter.
ARKO Background Information
(This description is provided by the company.)
ARKO Corp. owns 100% of GPM Investments, LLC ("GPM"). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, with approximately 2,950 locations comprised of approximately 1,350 company-operated stores and approximately 1,600 dealer sites to which it supplies fuel in 33 states and Washington D.C. GPM operates in three segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to GPM and its subsidiaries selling fuel (both in the retail and wholesale segments) as well as sub-wholesalers and bulk purchasers. Its stores offer its fasREWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. One feature, setting many of its convenience stores apart is a wide array of proprietary food offerings ranging from fresh chicken, fresh-made salads, and sandwiches to healthy, grab-and-go meals.
Additional reading:
- Composite Amended and Restated Certificate of Incorporation of ARKO Corp.
- ARKO Corp. Reports Second Quarter 2023 Results Strong Quarter Led by Higher Merchandise Contribution and Acquisitions
- Transit Energy Group, LLC and Subsidiaries CONSOLIDATED BALANCE SHEETS December 31,
- TABLE OF CONTENTS
- UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
