By the close of today, December 08, 2023, Aramark ARMK will issue a dividend payout of $0.10 per share, resulting in an annualized dividend yield of 1.33%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on November 27, 2023.
Aramark Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-27 | 4 | $0.1 | 1.33% | 2023-11-14 | 2023-11-28 | 2023-12-08 |
| 2023-08-15 | 4 | $0.11 | 1.09% | 2023-08-02 | 2023-08-16 | 2023-08-29 |
| 2023-05-16 | 4 | $0.11 | 1.29% | 2023-05-03 | 2023-05-17 | 2023-05-31 |
| 2023-02-21 | 4 | $0.11 | 1.0% | 2023-02-07 | 2023-02-22 | 2023-03-08 |
| 2022-11-21 | 4 | $0.11 | 1.24% | 2022-11-08 | 2022-11-22 | 2022-12-05 |
| 2022-08-16 | 4 | $0.11 | 1.3% | 2022-08-03 | 2022-08-17 | 2022-08-30 |
| 2022-05-17 | 4 | $0.11 | 1.21% | 2022-05-04 | 2022-05-18 | 2022-06-01 |
| 2022-02-15 | 4 | $0.11 | 1.27% | 2022-02-02 | 2022-02-16 | 2022-03-02 |
| 2021-11-29 | 4 | $0.11 | 1.16% | 2021-11-16 | 2021-11-30 | 2021-12-07 |
| 2021-08-24 | 4 | $0.11 | 1.26% | 2021-08-10 | 2021-08-25 | 2021-09-08 |
| 2021-05-25 | 4 | $0.11 | 1.17% | 2021-05-11 | 2021-05-26 | 2021-06-09 |
| 2021-02-16 | 4 | $0.11 | 1.26% | 2021-02-02 | 2021-02-17 | 2021-03-03 |
When comparing Aramark's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Cracker Barrel Old CBRL having the highest annualized dividend yield at 7.03%.
Analyzing Aramark Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors observed a stable dividend per share of $0.44 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Aramark
The earnings chart highlights a decrease in Aramark's earnings per share, declining from $2.23 in 2019 to $1.17 in 2022. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
This article provides an in-depth analysis of Aramark's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.10 per share, resulting in an annualized dividend yield of 1.33%.
When comparing Aramark's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Cracker Barrel Old having the highest annualized dividend yield at 7.03%.
The unaltered dividend per share during 2019 to 2022 does not overshadow the decreasing earnings per share for Aramark. This downward trend raises concerns about the company's financial stability and its ability to sustain the distribution of profits to shareholders.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[Monitor live stock price updates for Aramark on Benzinga.](https://www.benzinga.com/quote/Aramark (NYSE: ARMK))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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