FAT Brands Inc. Announces Second Quarter Cash Dividend on Common Stock
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fiscal 2021 second quarter, payable on June 21, 2021 to stockholders on record as of June 14, 2021.
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Rhea-AI Summary
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fiscal 2021 second quarter, payable on June 21, 2021 to stockholders on record as of June 14, 2021. Future dividends will depend on the company’s financial performance and capital needs. FAT Brands is a global franchising company with nine restaurant brands, including Fatburger and Johnny Rockets, operating around 700 units worldwide. The declaration reflects the company's ongoing commitment to returning value to shareholders.
Positive
- Declared a cash dividend of $0.13 per share for Q2 2021.
- Demonstrates a commitment to returning value to shareholders.
- Operates approximately 700 restaurant units worldwide.
Negative
- Future dividends are not guaranteed and depend on financial performance.
- Subject to risks related to the COVID-19 pandemic affecting operations.
Details
News Market Reaction – FAT
The recorded move for FAT in the trading session of this news was -1.01%.
Data tracked by StockTitan Argus. Session date unavailable.
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Los Angeles, CA, June 02, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, announced today that its Board of Directors declared the Company’s fiscal 2021 second quarter cash dividend of
The declaration and payment of future dividends, as well as the amount thereof, are subject to the discretion of the Company’s Board of Directors. The amount and size of any future dividends will depend upon the Company’s future results of operations, financial condition, capital levels, cash requirements and other factors. There can be no assurance that the Company will declare and pay dividends in future periods.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands Inc. (NASDAQ: FAT) (the Company) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns nine restaurant brands: Fatburger, Johnny Rockets, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises approximately 700 units worldwide. For more information, please visit www.fatbrands.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to significant business, economic and competitive risks, uncertainties and contingencies including, but not limited to, uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic, many of which are difficult to predict and beyond our control, which could cause our actual results to differ materially from the results expressed or implied in such forward-looking statements. We refer you to the documents we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks, uncertainties and contingencies. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
Investor Relations:
ICR
Lynne Collier
IR-FATBrands@icrinc.com
646-430-2216
Media Relations:
JConnelly
Erin Mandzik
emandzik@jconnelly.com
862-246-9911
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