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

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

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

FAT Brands Price Performance

Shares of NASDAQ:FATBP traded up $0.33 during midday trading on Friday, hitting $10.11. The stock had a trading volume of 20,090 shares, compared to its average volume of 17,133. FAT Brands has a 12 month low of $9.13 and a 12 month high of $16.37. The business’s 50-day simple moving average is $9.59 and its 200-day simple moving average is $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.