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

FAT Brands Inc. (NASDAQ:FATBP) announced a monthly dividend on Friday, November 29th,Wall Street Journal reports. Stockholders of record on Tuesday, December 10th will be paid a dividend of 0.1719 per share on Friday, December 20th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 20.40%. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from FAT Brands’s previous monthly dividend of $0.17.

FAT Brands has decreased its dividend payment by an average of 23.9% per year over the last three years.

FAT Brands Stock Up 3.4 %

NASDAQ FATBP traded up $0.33 on Friday, hitting $10.11. 20,090 shares of the company’s stock were exchanged, compared to its average volume of 17,133. FAT Brands has a 52 week low of $9.13 and a 52 week high of $16.37. The stock has a 50-day moving average of $9.59 and a 200-day moving average of $11.66.

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.