Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Increases Dividend to $0.60 Per Share

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) announced an annual dividend on Thursday, May 21st. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.60 per share on Friday, June 26th. This represents a dividend yield of 181.0%. The ex-dividend date is Wednesday, June 10th. This is a 9.1% increase from Flanigan’s Enterprises’s previous annual dividend of $0.55.

Flanigan’s Enterprises Price Performance

Shares of NYSEAMERICAN:BDL opened at $33.00 on Monday. The company has a market cap of $61.38 million, a price-to-earnings ratio of 10.28 and a beta of 0.35. The firm’s 50-day simple moving average is $31.72 and its 200-day simple moving average is $31.67. The company has a quick ratio of 1.47, a current ratio of 1.84 and a debt-to-equity ratio of 0.22. Flanigan’s Enterprises has a fifty-two week low of $26.33 and a fifty-two week high of $35.98.

Insider Buying and Selling at Flanigan’s Enterprises

In other news, CEO James Flanigan II bought 1,899 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $31.76 per share, with a total value of $60,312.24. Following the completion of the acquisition, the chief executive officer directly owned 983,971 shares in the company, valued at approximately $31,250,918.96. The trade was a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 2,000 shares of company stock valued at $63,453 over the last quarter. 62.30% of the stock is owned by insiders.

Institutional Trading of Flanigan’s Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Flanigan’s Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after acquiring an additional 516 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises during the second quarter worth about $249,000. Finally, Empowered Funds LLC boosted its holdings in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after buying an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.