Nathan’s Famous, Inc. (NASDAQ:NATH) Announces $0.50 Quarterly Dividend

Posted by Chris Copeland on Aug 25th, 2024

Nathan’s Famous, Inc. (NASDAQ:NATH – Get Free Report) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Monday, August 26th will be paid a dividend of 0.50 per share by the restaurant operator on Friday, September 6th. This represents a $2.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, August 26th.

Nathan’s Famous has raised its dividend by an average of 12.6% annually over the last three years.

Nathan’s Famous Stock Performance

Shares of NASDAQ:NATH opened at $78.53 on Friday. Nathan’s Famous has a 52-week low of $61.35 and a 52-week high of $79.75. The company has a market cap of $320.80 million, a P/E ratio of 16.33 and a beta of 0.23. The stock’s 50-day moving average is $71.37 and its 200-day moving average is $69.19.

Nathan’s Famous (NASDAQ:NATH – Get Free Report) last released its earnings results on Wednesday, June 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 55.06% and a net margin of 14.15%. The firm had revenue of $28.99 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Get Our Latest Analysis on NATH

About Nathan’s Famous

(Get Free Report)

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.