Nathan's Famous, Inc. (NASDAQ:NATH) to Issue $0.50 Quarterly Dividend

Key Points

• Nathan's Famous, Inc. announced a quarterly dividend of $0.50 per share, set to be paid on September 5th to shareholders of record on August 25th, representing a 2.0% yield.
• The company's stock recently traded at $97.96, with a market capitalization of $400.66 million and earnings per share of $2.16 for the quarter.
• Institutional investors own approximately 66.54% of Nathan's Famous stock, with significant increases in stakes from organizations like PNC Financial Services and Deutsche Bank AG.

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) declared a quarterly dividend on Friday, August 8th, RTT News reports. Investors of record on Monday, August 25th will be given a dividend of 0.50 per share by the restaurant operator on Friday, September 5th. This represents a c) dividend on an annualized basis and a yield of 2.1%.

Nathan's Famous Price Performance

NASDAQ:NATH traded down $2.00 during midday trading on Friday, reaching $97.25. The stock had a trading volume of 33,165 shares, compared to its average volume of 57,111. The stock has a market capitalization of $397.75 million, a P/E ratio of 16.88 and a beta of 0.38. The firm's fifty day simple moving average is $105.97 and its 200-day simple moving average is $99.01. Nathan's Famous has a 1-year low of $71.77 and a 1-year high of $118.50.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its earnings results on Friday, August 8th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter. The firm had revenue of $47.00 million for the quarter. Nathan's Famous had a negative return on equity of 116.79% and a net margin of 16.21%.

Nathan's Famous Company Profile

Nathan's Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan's Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.