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

FAT Brands Inc. (NASDAQ:FATBP) declared a monthly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Monday, February 10th will be paid a dividend of 0.1719 per share on Thursday, February 20th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 20.75%. The ex-dividend date of this dividend is Monday, February 10th.

FAT Brands has decreased its dividend payment by an average of 2.9% per year over the last three years.

FAT Brands Stock Up 0.2 %

NASDAQ:FATBP opened at $9.94 on Friday. The stock’s 50-day simple moving average is $9.72 and its 200 day simple moving average is $10.43. FAT Brands has a twelve month low of $9.13 and a twelve month high of $16.37.

About FAT Brands

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.