FAT Brands Inc. (FAT) to Issue Quarterly Dividend of $0.14 on May 31st

FAT Brands Inc. (NASDAQ:FAT) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.14 per share on Friday, May 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date of this dividend is Tuesday, May 14th.

FAT Brands has a payout ratio of -14.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect FAT Brands to earn ($5.13) per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of -10.9%.

FAT Brands Stock Performance

Shares of FAT stock opened at $7.46 on Thursday. FAT Brands has a fifty-two week low of $5.14 and a fifty-two week high of $9.48. The company has a 50 day moving average price of $7.85 and a 200 day moving average price of $7.03.

FAT Brands (NASDAQ:FAT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.55) by ($0.13). The firm had revenue of $158.64 million for the quarter, compared to analyst estimates of $150.00 million. On average, equities analysts predict that FAT Brands will post -5.53 earnings per share for the current year.

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.