FAT Brands hikes dividend by 7.7%

FAT Brands (FAT) has announced a 7.7% dividend hike to 14 cents per share quarterly on July 14, 2022. FAT reinstated its dividend in 2021 and currently yields 7.3% at a stock price of $7.70.

FAT Brands is a franchising company that acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns five restaurant brands, Fatburger, Buffalo’s Cafe, Buffalo’s Express and Ponderosa & Bonanza Steakhouses, that have approximately 300 locations open and 300 under development in 32 countries.

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