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

FAT Brands Inc. (NASDAQ:FATBBGet Free Report) announced a quarterly dividend on Tuesday, January 9th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Wednesday, February 14th.

FAT Brands Price Performance

FATBB stock opened at $7.71 on Tuesday. The firm has a 50-day moving average price of $5.94 and a 200-day moving average price of $6.41. FAT Brands has a 12 month low of $5.02 and a 12 month high of $8.96.

Institutional Investors Weigh In On FAT Brands

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of FAT Brands by 22.7% during the third quarter. Vanguard Group Inc. now owns 27,250 shares of the company’s stock valued at $164,000 after acquiring an additional 5,036 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in FAT Brands by 281.7% in the third quarter. Tower Research Capital LLC TRC now owns 7,427 shares of the company’s stock valued at $45,000 after purchasing an additional 5,481 shares during the period. Finally, UBS Group AG raised its position 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 purchasing an additional 1,766 shares during the last quarter. Institutional investors and hedge funds own 0.68% 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.

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Dividend History for FAT Brands (NASDAQ:FATBB)

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