Nathan’s Famous, Inc. (NATH) to Issue Quarterly Dividend of $0.35 on September 6th

Nathan’s Famous, Inc. (NASDAQ:NATH) declared a quarterly dividend on Friday, August 9th, NASDAQ reports. Shareholders of record on Monday, August 26th will be paid a dividend of 0.35 per share by the restaurant operator on Friday, September 6th. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, August 23rd.

Shares of NASDAQ NATH opened at $66.31 on Wednesday. The stock’s fifty day moving average price is $72.44 and its two-hundred day moving average price is $70.26. Nathan’s Famous has a one year low of $62.20 and a one year high of $93.00. The firm has a market cap of $274.70 million, a price-to-earnings ratio of 19.28 and a beta of 0.23.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings data on Friday, August 9th. The restaurant operator reported $1.28 EPS for the quarter. Nathan’s Famous had a negative return on equity of 19.83% and a net margin of 21.59%. The firm had revenue of $30.52 million for the quarter.

Separately, BidaskClub lowered Nathan’s Famous from a “hold” rating to a “sell” rating in a report on Tuesday.

About Nathan’s Famous

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

Further Reading: How to calculate the intrinsic value of a stock

Dividend History for Nathan`s Famous (NASDAQ:NATH)

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