FAT Brands Inc. (NASDAQ:FATBP) Announces $0.17 Monthly Dividend

FAT Brands Inc. (NASDAQ:FATBP) announced a monthly dividend on Friday, July 12th, Wall Street Journal reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.1719 per share on Tuesday, August 20th. This represents a $2.06 annualized dividend and a dividend yield of 15.39%. The ex-dividend date is Friday, August 9th.

FAT Brands has decreased its dividend payment by an average of 23.9% per year over the last three years.

FAT Brands Stock Performance

FAT Brands stock traded down $0.04 during mid-day trading on Friday, hitting $13.40. The company’s stock had a trading volume of 32,957 shares, compared to its average volume of 12,738. The company has a 50 day moving average of $14.26 and a 200-day moving average of $14.92. FAT Brands has a one year low of $13.16 and a one year high of $17.12.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.