FAT Brands (NASDAQ:FATBP) Stock Price Down 0.6% – Here’s What Happened

FAT Brands Inc. (NASDAQ:FATBP)’s share price dropped 0.6% during mid-day trading on Monday . The stock traded as low as $9.58 and last traded at $9.59. Approximately 14,003 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 16,768 shares. The stock had previously closed at $9.65.

FAT Brands Stock Performance

The stock’s 50-day moving average is $10.23 and its 200-day moving average is $12.77.

FAT Brands Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.1719 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.06 annualized dividend and a dividend yield of 21.51%.

FAT Brands Company Profile

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.