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

FAT Brands Inc. (NASDAQ:FAT) declared a quarterly dividend on Tuesday, July 9th, NASDAQ reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.14 per share on Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 10.16%. The ex-dividend date is Thursday, August 15th. This is an increase 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 Trading Up 1.5 %

NASDAQ:FAT traded up $0.08 during trading hours on Tuesday, hitting $5.51. 3,416 shares of the company were exchanged, compared to its average volume of 25,447. The company has a fifty day simple moving average of $5.22 and a 200 day simple moving average of $6.67. FAT Brands has a one year low of $4.51 and a one year high of $9.48. The stock has a market capitalization of $86.68 million, a price-to-earnings ratio of -0.88 and a beta of 1.82.

FAT Brands (NASDAQ:FAT) last announced its earnings results on Wednesday, July 31st. The company reported ($2.43) EPS for the quarter, missing the consensus estimate of ($2.00) by ($0.43). The company had revenue of $152.04 million during the quarter, compared to analyst estimates of $156.35 million. During the same quarter in the previous year, the firm earned ($0.53) EPS. Equities research analysts predict that FAT Brands will post -8.08 earnings per share for the current fiscal year.

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.