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

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.50 per share by the restaurant operator on Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, February 18th.

Nathan’s Famous has raised its dividend by an average of 12.6% annually over the last three years.

Nathan’s Famous Trading Down 1.5 %

NATH traded down $1.29 during trading on Friday, hitting $84.35. The stock had a trading volume of 6,292 shares, compared to its average volume of 8,732. The firm has a market cap of $344.57 million, a PE ratio of 15.80 and a beta of 0.25. Nathan’s Famous has a 12 month low of $64.02 and a 12 month high of $94.97. The company has a 50 day simple moving average of $81.39 and a 200-day simple moving average of $80.49.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 15.18% and a negative return on equity of 76.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st.

Nathan’s Famous Company Profile

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.