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

FAT Brands Inc. (NASDAQ:FATBP – Get Rating) declared a monthly dividend on Friday, June 24th, Wall Street Journal reports. Shareholders of record on Friday, July 8th will be given a dividend of 0.1719 per share on Wednesday, July 20th. This represents a $2.06 annualized dividend and a yield of 11.59%. The ex-dividend date of this dividend is Thursday, July 7th.

Shares of FATBP opened at $17.80 on Tuesday. The business’s fifty day simple moving average is $17.41. FAT Brands has a 12 month low of $11.50 and a 12 month high of $24.43.

FAT Brands Company Profile (Get Rating)

FAT Brands Inc, a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of April 18, 2022, it owned seventeen restaurant brands, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse, as well as 2,300 franchised locations.

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