FAT Brands Inc. (NASDAQ:FAT) Declares Quarterly Dividend of $0.14

FAT Brands Inc. (NASDAQ:FAT) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders 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 yield of 7.48%. The ex-dividend date is Tuesday, May 14th.

FAT Brands has a payout ratio of -14.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Trading Down 0.1 %

Shares of NASDAQ FAT traded down $0.01 during midday trading on Wednesday, hitting $7.49. The company’s stock had a trading volume of 1,157 shares, compared to its average volume of 20,335. The business’s 50 day moving average is $7.85 and its two-hundred day moving average is $7.03. FAT Brands has a 12-month low of $5.14 and a 12-month high of $9.48.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.55) by ($0.13). The business had revenue of $158.64 million during the quarter, compared to the consensus estimate of $150.00 million. On average, sell-side analysts expect 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.