Ark Restaurants Corp (ARKR) to Issue $0.25 Quarterly Dividend
Ark Restaurants Corp (NASDAQ:ARKR) declared a quarterly dividend on Monday, June 5th. Shareholders of record on Monday, June 19th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, June 15th.
Ark Restaurants Corp (NASDAQ:ARKR) remained flat at $25.21 on Friday. 72 shares of the company’s stock were exchanged. The stock has a market capitalization of $86.34 million, a P/E ratio of 15.83 and a beta of 0.43. Ark Restaurants Corp has a 12 month low of $20.00 and a 12 month high of $27.02. The stock has a 50-day moving average of $25.45 and a 200-day moving average of $24.43.
Ark Restaurants Corp (NASDAQ:ARKR) last announced its quarterly earnings results on Friday, May 12th. The restaurant operator reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $34.48 million during the quarter. Ark Restaurants Corp had a net margin of 3.57% and a return on equity of 10.57%. On average, analysts forecast that Ark Restaurants Corp will post $1.16 earnings per share for the current year.
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About Ark Restaurants Corp
Ark Restaurants Corp. owns and operates restaurants, bars, fast food concepts and catering operations. As of October 1, 2016, the Company owned and/or operated 21 restaurants and bars, 19 fast food concepts and catering operations through its subsidiaries. As of October 1, 2016, six of its restaurant and bar facilities were located in New York City; two were located in Washington, DC; five were located in Las Vegas, Nevada; three were located in Atlantic City, New Jersey; one was located at the Foxwoods Resort Casino in Ledyard, Connecticut; one was located in the Faneuil Hall Marketplace in Boston, Massachusetts, and three were located on the east coast of Florida.
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