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

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

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

Nathan’s Famous Price Performance

Shares of Nathan’s Famous stock opened at $84.05 on Friday. The stock has a market cap of $342.90 million, a price-to-earnings ratio of 15.74 and a beta of 0.21. The firm’s 50-day moving average is $83.88 and its two-hundred day moving average is $75.80. Nathan’s Famous has a 1 year low of $63.01 and a 1 year high of $94.97.

Analyst Upgrades and Downgrades

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

About Nathan’s Famous

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.