Ark Restaurants Corp (ARKR) Announces $0.25 Quarterly Dividend
Ark Restaurants Corp (NASDAQ:ARKR) announced a quarterly dividend on Tuesday, September 18th, Wall Street Journal reports. Stockholders of record on Friday, September 28th will be paid a dividend of 0.25 per share by the restaurant operator on Friday, October 12th. This represents a $1.00 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, September 27th.
Ark Restaurants has raised its dividend by an average of 10.1% annually over the last three years.
Shares of ARKR stock traded up $0.19 during trading hours on Tuesday, hitting $22.50. 108 shares of the company’s stock were exchanged, compared to its average volume of 2,714. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 0.74. The stock has a market capitalization of $77.39 million, a PE ratio of 21.24 and a beta of 0.27. Ark Restaurants has a 52 week low of $20.20 and a 52 week high of $29.49.
Separately, TheStreet upgraded Ark Restaurants from a “c+” rating to a “b” rating in a report on Tuesday, May 22nd.
About Ark Restaurants
Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of September 30, 2017, it owned and/or operated 20 restaurants and bars, including 5 facilities located in New York City; 2 in Washington, DC; 5 in Las Vegas, Nevada; 3 in Atlantic City, New Jersey; 1 in the Faneuil Hall Marketplace in Boston, Massachusetts; 2 on the east coast of Florida; and 2 on the gulf coast of Alabama.
Recommended Story: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Ark Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ark Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.