FAT Brands Inc. (FAT) To Go Ex-Dividend on August 15th

FAT Brands Inc. (NASDAQ:FAT) announced a quarterly dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.14 per share on Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 10.22%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from FAT Brands’s previous quarterly dividend of $0.13.

FAT Brands has a dividend payout ratio of -9.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect FAT Brands to earn ($6.79) per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of -8.2%.

FAT Brands Price Performance

FAT traded up $0.05 during midday trading on Tuesday, reaching $5.48. 4,931 shares of the company’s stock traded hands, compared to its average volume of 25,460. The stock has a market capitalization of $86.21 million, a price-to-earnings ratio of -0.89 and a beta of 1.82. The firm has a fifty day moving average of $5.22 and a two-hundred day moving average of $6.67. FAT Brands has a 52 week low of $4.51 and a 52 week high of $9.48.

FAT Brands (NASDAQ:FAT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($2.43) EPS for the quarter, missing analysts’ consensus estimates of ($2.00) by ($0.43). The business had revenue of $152.04 million during the quarter, compared to analyst estimates of $156.35 million. During the same period last year, the firm posted ($0.53) EPS. Sell-side analysts forecast that FAT Brands will post -8.08 EPS for the current year.

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.