Nathan’s Famous, Inc. (NASDAQ:NATH) to Issue $0.35 Quarterly Dividend

Nathan’s Famous, Inc. (NASDAQ:NATH) declared a quarterly dividend on Friday, November 8th, Zacks reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.35 per share by the restaurant operator on Friday, December 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, November 22nd.

Nathan’s Famous stock traded down $0.03 during midday trading on Wednesday, hitting $76.70. 18,000 shares of the company were exchanged, compared to its average volume of 8,217. The firm has a market capitalization of $322.02 million, a PE ratio of 23.96 and a beta of 0.29. Nathan’s Famous has a fifty-two week low of $62.20 and a fifty-two week high of $82.18. The business has a fifty day simple moving average of $73.96 and a two-hundred day simple moving average of $70.81.

In other Nathan’s Famous news, Director Brian S. Genson sold 1,009 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $80.00, for a total transaction of $80,720.00. Following the transaction, the director now owns 19,933 shares in the company, valued at $1,594,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Separately, BidaskClub raised Nathan’s Famous from a “sell” rating to a “hold” rating in a report on Tuesday.

Nathan’s Famous Company Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

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Dividend History for Nathan`s Famous (NASDAQ:NATH)

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