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

Nathan’s Famous, Inc. (NASDAQ:NATH) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, November 24th will be given a dividend of 0.50 per share by the restaurant operator on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, November 24th.

Nathan’s Famous has raised its dividend payment by an average of 0.1%per year over the last three years.

Nathan’s Famous Trading Down 3.8%

NASDAQ NATH opened at $106.14 on Friday. The company has a 50-day moving average price of $107.46 and a two-hundred day moving average price of $105.29. Nathan’s Famous has a 52 week low of $75.14 and a 52 week high of $118.50. The stock has a market cap of $434.01 million, a price-to-earnings ratio of 18.43 and a beta of 0.38.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 143.21% and a net margin of 15.74%.

Analysts Set New Price Targets

Several equities analysts have commented on NATH shares. Wall Street Zen cut shares of Nathan’s Famous from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Nathan’s Famous in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.