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

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.50 per share by the restaurant operator on Friday, February 28th. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, February 18th.

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

Nathan’s Famous Price Performance

Shares of NATH stock traded down $1.29 during trading hours on Friday, reaching $84.35. 6,292 shares of the company were exchanged, compared to its average volume of 8,732. The company has a market cap of $344.57 million, a price-to-earnings ratio of 15.80 and a beta of 0.25. The stock’s fifty day moving average is $81.39 and its two-hundred day moving average is $80.49. Nathan’s Famous has a fifty-two week low of $64.02 and a fifty-two week high of $94.97.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a negative return on equity of 76.12% and a net margin of 15.18%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.