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

FAT Brands Inc. (NASDAQ:FATGet Free Report) declared a quarterly dividend on Tuesday, January 9th, Zacks reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.14 per share on Friday, March 1st. This represents a $0.56 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Wednesday, February 14th.

FAT Brands Price Performance

FAT stock traded down $0.56 during trading hours on Monday, reaching $8.76. 16,811 shares of the stock were exchanged, compared to its average volume of 27,978. The firm’s 50-day moving average is $6.79 and its 200-day moving average is $6.73. FAT Brands has a 12 month low of $5.14 and a 12 month high of $9.48.

Hedge Funds Weigh In On FAT Brands

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in FAT Brands by 4.8% during the third quarter. Vanguard Group Inc. now owns 183,499 shares of the company’s stock worth $1,204,000 after purchasing an additional 8,407 shares during the period. Geode Capital Management LLC grew its holdings in FAT Brands by 144.7% during the second quarter. Geode Capital Management LLC now owns 49,683 shares of the company’s stock worth $342,000 after purchasing an additional 29,376 shares during the period. UBS Group AG grew its holdings in FAT Brands by 124.0% during the first quarter. UBS Group AG now owns 4,617 shares of the company’s stock worth $33,000 after purchasing an additional 2,556 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in FAT Brands by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 78,194 shares of the company’s stock worth $579,000 after purchasing an additional 1,674 shares during the period. Institutional investors own 6.33% of the company’s stock.

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.

See Also

Dividend History for FAT Brands (NASDAQ:FAT)

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