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

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders 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 yield of 7.51%. The ex-dividend date of this dividend 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 research 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 %

FAT Brands stock traded down $0.04 during midday trading on Wednesday, reaching $7.46. 10,463 shares of the stock traded hands, compared to its average volume of 20,455. FAT Brands has a 12 month low of $5.14 and a 12 month high of $9.48. The stock's fifty day moving average is $7.85 and its 200-day moving average is $7.03. The stock has a market cap of $117.08 million, a P/E ratio of -1.30 and a beta of 1.81.

FAT Brands (NASDAQ:FAT - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.68) earnings per share 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 analysts' expectations of $150.00 million. On average, equities analysts predict that FAT Brands will post -5.53 EPS for the current fiscal year.

About FAT Brands

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.