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

FAT Brands Inc. (NASDAQ:FATBP) declared a monthly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Monday, February 10th will be given a dividend of 0.1719 per share on Thursday, February 20th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 20.76%. The ex-dividend date of this dividend is Monday, February 10th.

FAT Brands has decreased its dividend payment by an average of 2.9% per year over the last three years.

FAT Brands Stock Up 0.2 %

Shares of FATBP stock traded up $0.02 during trading on Thursday, reaching $9.94. 15,674 shares of the company’s stock were exchanged, compared to its average volume of 19,141. FAT Brands has a twelve month low of $9.13 and a twelve month high of $16.37. The firm’s fifty day moving average price is $9.71 and its 200-day moving average price is $10.44.

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.