FAT Brands Inc. (NASDAQ:FAT) Declares Quarterly Dividend of $0.14

FAT Brands Inc. (NASDAQ:FAT) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.14 per share on Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Friday, November 15th.

FAT Brands has a dividend payout ratio of -10.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

FAT Brands Stock Up 0.9 %

Shares of FAT opened at $5.39 on Friday. FAT Brands has a one year low of $4.51 and a one year high of $9.48. The business has a fifty day moving average of $4.99 and a 200 day moving average of $5.45.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($2.43) earnings per share (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 in the prior year, the company posted ($0.53) EPS.

Insider Activity at FAT Brands

In other FAT Brands news, Director Mark Elenowitz purchased 6,200 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $68,200.00. Following the completion of the transaction, the director now owns 9,200 shares of the company’s stock, valued at approximately $101,200. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 9,564 shares of company stock worth $97,897. 11.84% of the stock is owned by company insiders.

About FAT Brands

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.