Shares of FAT Brands Inc. (NASDAQ:FATBP – Get Rating) traded up 0.1% on Tuesday . The stock traded as high as $16.09 and last traded at $15.80. 1,542 shares traded hands during trading, a decline of 89% from the average session volume of 13,785 shares. The stock had previously closed at $15.78.
FAT Brands Trading Up 0.1 %
The firm’s 50 day simple moving average is $16.69 and its two-hundred day simple moving average is $17.34.
FAT Brands Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, March 20th. Stockholders of record on Friday, March 10th will be given a dividend of $0.1719 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $2.06 annualized dividend and a dividend yield of 13.05%.
About FAT Brands
FAT Brands Inc, a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of October 5, 2022, it owned seventeen restaurant brands, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse, as well as franchises and owns approximately 2,300 locations.
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