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

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, November 25th will be paid a dividend of 0.50 per share by the restaurant operator on Friday, December 6th. This represents a $2.00 annualized dividend and a yield of 2.38%. The ex-dividend date is Monday, November 25th.

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

Nathan’s Famous Trading Down 0.3 %

Shares of NATH stock opened at $84.05 on Friday. Nathan’s Famous has a 12-month low of $63.01 and a 12-month high of $94.97. The business’s fifty day simple moving average is $83.88 and its 200-day simple moving average is $75.80. The company has a market cap of $342.90 million, a PE ratio of 15.74 and a beta of 0.21.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Nathan’s Famous Company Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.