FAT Brands Inc. Announces Monthly Dividend of $0.17 (NASDAQ:FATBP)

FAT Brands Inc. (NASDAQ:FATBP) announced a monthly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.1719 per share on Thursday, March 20th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 21.26%. The ex-dividend date is Monday, March 10th.

FAT Brands has raised its dividend by an average of 2.9% annually over the last three years.

FAT Brands Stock Performance

Shares of NASDAQ:FATBP opened at $9.70 on Tuesday. The company has a fifty day simple moving average of $9.87 and a 200 day simple moving average of $9.91. FAT Brands has a 12-month low of $9.13 and a 12-month high of $16.37.

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.