FAT Brands (NASDAQ:FATBP) Shares Up 0.7%

Shares of FAT Brands Inc. (NASDAQ:FATBP) shot up 0.7% on Wednesday . The stock traded as high as $15.34 and last traded at $15.06. 6,643 shares changed hands during trading, a decline of 26% from the average session volume of 9,007 shares. The stock had previously closed at $14.95.

FAT Brands Trading Up 0.7 %

The firm has a 50-day simple moving average of $15.56 and a two-hundred day simple moving average of $15.26.

FAT Brands Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.1719 per share. This represents a $2.06 annualized dividend and a yield of 13.70%. The ex-dividend date of this dividend is Tuesday, April 9th.

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.