FAT Brands Inc. (NASDAQ:FATBB) to Issue Quarterly Dividend of $0.14

FAT Brands Inc. (NASDAQ:FATBBGet Free Report) declared a quarterly dividend on Tuesday, January 9th, Zacks reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.14 per share on Friday, March 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Wednesday, February 14th.

FAT Brands Stock Up 0.8 %

FAT Brands stock traded up $0.06 during midday trading on Monday, hitting $7.85. 2,237 shares of the stock were exchanged, compared to its average volume of 1,680. FAT Brands has a 52-week low of $5.02 and a 52-week high of $8.96. The business’s 50-day moving average price is $5.90 and its 200-day moving average price is $6.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in FAT Brands by 22.7% in the third quarter. Vanguard Group Inc. now owns 27,250 shares of the company’s stock worth $164,000 after acquiring an additional 5,036 shares during the period. Tower Research Capital LLC TRC increased its holdings in FAT Brands by 281.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,427 shares of the company’s stock worth $45,000 after acquiring an additional 5,481 shares during the period. Finally, UBS Group AG increased its holdings in FAT Brands by 81.3% during the 3rd quarter. UBS Group AG now owns 3,937 shares of the company’s stock worth $30,000 after acquiring an additional 1,766 shares during the period. 0.68% of the stock is currently owned by hedge funds and other institutional investors.

About FAT Brands

(Get Free Report)

FAT Brands Inc, a multi-brand restaurant 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, and Twin Peaks.

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Dividend History for FAT Brands (NASDAQ:FATBB)

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