FAT Brands Inc. (NASDAQ:FAT – Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.14 per share on Friday, May 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date of this dividend is Tuesday, May 14th.
FAT Brands has a payout ratio of -14.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect FAT Brands to earn ($5.13) per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of -10.9%.
FAT Brands Stock Performance
Shares of FAT stock opened at $7.46 on Thursday. FAT Brands has a fifty-two week low of $5.14 and a fifty-two week high of $9.48. The company has a 50 day moving average price of $7.85 and a 200 day moving average price of $7.03.
About FAT Brands
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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