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

FAT Brands Inc. (NASDAQ:FATBP) declared a monthly dividend on Wednesday, March 26th, Wall Street Journal reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.1719 per share on Monday, April 21st. This represents a $2.06 annualized dividend and a yield of 21.85%. The ex-dividend date is Thursday, April 10th.

FAT Brands has raised its dividend by an average of 2.9% annually over the last three years.

FAT Brands Stock Performance

Shares of FAT Brands stock opened at $9.44 on Thursday. The firm has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $9.73. FAT Brands has a 1-year low of $9.13 and a 1-year high of $15.95.

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.