FAT Brands Inc. (NASDAQ:FAT – Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.14 per share on Friday, November 29th. This represents a $0.56 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Friday, November 15th.
FAT Brands has a dividend payout ratio of -10.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
FAT Brands Stock Up 0.9 %
Shares of NASDAQ FAT opened at $5.39 on Friday. The company has a 50 day simple moving average of $4.99 and a two-hundred day simple moving average of $5.45. FAT Brands has a fifty-two week low of $4.51 and a fifty-two week high of $9.48.
Insider Activity
In other news, Director Mark Elenowitz acquired 6,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $11.00 per share, with a total value of $68,200.00. Following the transaction, the director now owns 9,200 shares of the company’s stock, valued at $101,200. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 9,564 shares of company stock worth $97,897 over the last three months. 11.84% of the stock is currently owned by corporate insiders.
FAT Brands Company Profile
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.
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