Nathan’s Famous, Inc. to Issue Quarterly Dividend of $0.50 (NASDAQ:NATH)

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.50 per share by the restaurant operator on Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, February 18th.

Nathan’s Famous has increased its dividend payment by an average of 12.6% per year over the last three years.

Nathan’s Famous Stock Down 1.5 %

Shares of Nathan’s Famous stock opened at $84.35 on Friday. Nathan’s Famous has a 12-month low of $64.02 and a 12-month high of $94.97. The stock has a market capitalization of $344.15 million, a P/E ratio of 14.54 and a beta of 0.25. The company has a 50-day simple moving average of $81.39 and a 200 day simple moving average of $80.49.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 89.20%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 1st.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.