Fat Brands announces March dividend for Series B Preferred Stock

Fat Brands Inc. (NASDAQ:FAT), a company known for its ownership of multiple restaurant brands, has declared a monthly cash dividend for its Series B Cumulative Preferred Stock. The announcement, disclosed in a recent SEC filing, indicates a dividend of $0.171875 per share for the month ending March 31, 2025. According to InvestingPro data, the company maintains a significant dividend yield of 18.67%, though it currently operates with considerable debt obligations.

The dividend is set to be distributed on April 21, 2025, to shareholders on record as of April 10, 2025. This decision was made by the company’s Board of Directors on March 18, 2025, and represents a continuation of Fat Brands’ commitment to returning value to its investors.

Fat Brands, headquartered in Beverly Hills, California, operates under the Retail-Eating Places industry category and is incorporated in Delaware. The company’s business address and contact information remain unchanged, as stated in the filing.

The declaration of dividends is a common practice for companies with preferred stock, providing investors with a regular return on their investment. Preferred stock dividends are typically paid out before any dividends on common stock and are often at a fixed rate.

Investors in Fat Brands’ Series B Preferred Stock can expect the upcoming dividend to be paid in accordance with the schedule laid out by the company. This information is based on a press release statement and reflects the company’s latest financial actions as reported to the Securities and Exchange Commission.

In other recent news, FAT Brands Inc. reported a decline in revenue for the fourth quarter of 2024, with total revenue decreasing by 8.4% to $145.3 million. The company also recorded a net loss of $67.4 million or $4.06 per diluted share. Despite these financial challenges, FAT Brands plans to open over 100 new locations in 2025, indicating optimism for future growth. Analysts at Loop Capital revised their price target for FAT Brands, lowering it to $12 from $15, but maintained a Buy rating on the stock. This adjustment followed the company’s earnings report, which showed adjusted EBITDA of $14.4 million, missing Loop Capital’s estimate of $16.2 million.

Additionally, the company’s comparable sales saw a 1.6% decline in the fourth quarter, a bit worse than the anticipated 1.0% decrease. FAT Brands remains committed to expanding its footprint with a focus on international growth and co-branding strategies. The company also highlighted its full-year revenue increase of 23.4%, showcasing overall growth in 2024 despite the quarterly setbacks. These developments provide investors with insights into the company’s current performance and future plans.

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