FAT Brands Inc. (NASDAQ:FATBP) Plans $0.17 Monthly Dividend

FAT Brands Inc. (NASDAQ:FATBP) announced a monthly dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Friday, January 10th will be paid a dividend of 0.1719 per share on Monday, January 20th. This represents a $2.06 dividend on an annualized basis and a yield of 20.34%. The ex-dividend date of this dividend is Friday, January 10th.

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

FAT Brands Stock Performance

FAT Brands stock opened at $10.14 on Wednesday. The company’s 50-day moving average is $9.59 and its 200-day moving average is $10.71. FAT Brands has a fifty-two week low of $9.13 and a fifty-two week 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.