FAT Brands Inc. (NASDAQ:FATBP – Get Free Report)’s share price shot up 0.5% during trading on Thursday . The stock traded as high as $9.94 and last traded at $9.94. 17,127 shares were traded during mid-day trading, a decline of 39% from the average session volume of 28,304 shares. The stock had previously closed at $9.89.
FAT Brands Stock Performance
The firm has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $10.05.
FAT Brands Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be paid a $0.1719 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.06 dividend on an annualized basis and a yield of 20.75%.
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.
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