Ark Restaurants Corp. (ARKR) to Issue Quarterly Dividend of $0.25
Ark Restaurants Corp. (NASDAQ:ARKR) declared a quarterly dividend on Thursday, September 7th, Wall Street Journal reports. Stockholders of record on Wednesday, September 20th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, October 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Tuesday, September 19th.
Shares of Ark Restaurants Corp. (NASDAQ:ARKR) traded up 1.2737% during mid-day trading on Thursday, reaching $22.7967. 1,288 shares of the company traded hands. The stock’s 50 day moving average is $23.05 and its 200 day moving average is $24.60. Ark Restaurants Corp. has a 52-week low of $20.00 and a 52-week high of $27.02. The stock has a market capitalization of $78.08 million, a PE ratio of 21.7111 and a beta of 0.30.
Ark Restaurants Corp. (NASDAQ:ARKR) last announced its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $41.20 million during the quarter. Ark Restaurants Corp. had a return on equity of 6.26% and a net margin of 2.43%. On average, analysts anticipate 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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