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

FAT Brands Inc. (NASDAQ:FAT) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.14 per share on Friday, May 31st. This represents a $0.56 annualized dividend and a dividend yield of 7.51%. 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. 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 Down 0.5 %

Shares of FAT Brands stock opened at $7.46 on Thursday. FAT Brands has a 12 month low of $5.14 and a 12 month high of $9.48. The business has a fifty day simple moving average of $7.85 and a 200 day simple moving average of $7.03.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.55) by ($0.13). The company had revenue of $158.64 million for the quarter, compared to analyst estimates of $150.00 million. As a group, equities research analysts expect that FAT Brands will post -5.53 EPS for the current fiscal year.

FAT Brands Company Profile

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.