Ark Restaurants Corp. (ARKR) Declares $0.25 Quarterly Dividend
Ark Restaurants Corp. (NASDAQ:ARKR) announced a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Investors of record on Tuesday, December 19th will be given a dividend of 0.25 per share by the restaurant operator on Wednesday, January 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Monday, December 18th.
Ark Restaurants (NASDAQ ARKR) traded down $0.26 during trading hours on Wednesday, reaching $24.74. 200 shares of the company were exchanged, compared to its average volume of 3,339. Ark Restaurants has a 52 week low of $20.65 and a 52 week high of $27.02. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.21. The company has a market cap of $85.64, a price-to-earnings ratio of 33.33 and a beta of 0.29.
About Ark Restaurants
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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