Nathan’s Famous, Inc. (NATH) to Issue Quarterly Dividend of $0.50 on February 27th

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.50 per share by the restaurant operator on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Nathan’s Famous has raised its dividend payment by an average of 0.1%annually over the last three years.

Nathan’s Famous Price Performance

NATH stock opened at $101.20 on Friday. Nathan’s Famous has a 52 week low of $84.35 and a 52 week high of $118.50. The firm has a 50-day simple moving average of $95.31 and a 200-day simple moving average of $100.82. The stock has a market capitalization of $413.91 million, a P/E ratio of 19.46 and a beta of 0.34.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings data on Thursday, February 5th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 202.59% and a net margin of 13.59%.The company had revenue of $34.31 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of Nathan’s Famous by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 260 shares during the last quarter. Legal & General Group Plc boosted its stake in Nathan’s Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after buying an additional 406 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Nathan’s Famous by 351.6% in the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 784 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 381 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Nathan’s Famous in the 3rd quarter worth $101,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

About Nathan’s Famous

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.