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

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Tuesday, February 18th.

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

Nathan’s Famous Trading Down 1.2 %

NATH stock traded down $0.99 during midday trading on Friday, reaching $84.65. The company had a trading volume of 4,638 shares, compared to its average volume of 8,617. Nathan’s Famous has a 1 year low of $64.02 and a 1 year high of $94.97. The company has a market capitalization of $345.80 million, a P/E ratio of 15.85 and a beta of 0.25. The company has a 50 day moving average of $81.39 and a two-hundred day moving average of $80.49.

Nathan’s Famous (NASDAQ:NATH) last released its earnings results 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 upgraded shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 1st.

About Nathan’s Famous

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.