Arcos Dorados Announces Dividend Payment
Get Alerts ARCO Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +20.4%
Join SI Premium – FREE
MONTEVIDEO, Uruguay--(BUSINESS WIRE)-- Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today announced that on March 3, 2020, the Board of Directors approved a total dividend cash payment for the 2020 fiscal year of US$0.11 cents per Class A and Class B share, to be paid in three installments of US$0.05 cents, US$0.03 cents and US$0.03 cents per Class A and Class B share, respectively. The first cash dividend payment amounting to US$0.05 per Class A and Class B share will be distributed on April 10, 2020, to shareholders of record at the close of business on April 7, 2020.
Subsequent dividends will be distributed according to the following payment schedule:
Record Date* |
Payment Date |
Amount of Dividend Per Share |
||||
August 10, 2020 |
August 13, 2020 |
Three Cents (US$0.03) |
||||
December 7, 2020 |
December 10, 2020 |
Three Cents (US$0.03) |
||||
* Shareholders of record at the close of business. |
||||||
About Arcos Dorados
Arcos Dorados is the world’s largest independent McDonald’s franchisee in terms of systemwide sales and number of restaurants, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guyana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, St. Croix, St. Thomas, Trinidad & Tobago, Uruguay and Venezuela. The Company operates or franchises over 2,200 McDonald’s-branded restaurants with over 90,000 employees and is recognized as one of the best companies to work for in Latin America. Arcos Dorados is traded on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir
View source version on businesswire.com: https://www.businesswire.com/news/home/20200304005069/en/
Investor Relations
Dan Schleiniger
VP of Investor Relations
Arcos Dorados
[email protected]
Media
InspIR Group
Ivan Peill
[email protected]
+1 (212) 710 9686
Source: Arcos Dorados Holdings Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- KBRA Assigns an A Rating and Stable Outlook to St. Louis Lambert International Airport Revenue Bonds
- Entwistle & Cappucci LLP Files Securities Class Action Against Dun & Bradstreet Holdings, Inc. and Related Defendants
- FDA Approves Isembyld (apitegromab-mstn), the First and Only Muscle-Targeted Therapy for Spinal Muscular Atrophy, Marking a New Milestone in SMA Treatment
Create E-mail Alert Related Categories
Business Wire, Press ReleasesRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share