Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Increases Dividend to $0.55 Per Share

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) declared an annual dividend on Wednesday, May 28th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be paid a dividend of 0.55 per share on Friday, June 27th. This represents a yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 12th. This is a 10.0% increase from Flanigan’s Enterprises’s previous annual dividend of $0.50.

Flanigan’s Enterprises Stock Down 1.5%

BDL traded down $0.41 during trading on Wednesday, reaching $27.77. 898 shares of the stock traded hands, compared to its average volume of 3,127. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $24.45. Flanigan’s Enterprises has a 12 month low of $22.61 and a 12 month high of $29.25. The stock has a market capitalization of $51.65 million, a PE ratio of 15.69 and a beta of 0.68.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Flanigan’s Enterprises in a research report on Monday, May 19th. They set a “hold” rating on the stock.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,725 shares of the company’s stock after buying an additional 445 shares during the quarter. Empowered Funds LLC owned about 0.79% of Flanigan’s Enterprises worth $364,000 at the end of the most recent quarter. Institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.