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

FAT Brands Inc. (NASDAQ:FATBP) announced a monthly dividend on Tuesday, August 20th, Wall Street Journal reports. Shareholders of record on Tuesday, September 10th will be given a dividend of 0.1719 per share on Friday, September 20th. This represents a $2.06 annualized dividend and a yield of 19.57%. The ex-dividend date is Tuesday, September 10th.

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

FAT Brands Trading Down 1.9 %

NASDAQ FATBP opened at $10.54 on Friday. FAT Brands has a fifty-two week low of $9.67 and a fifty-two week high of $16.40. The stock has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $14.03.

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.