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In a recent 8-K filing with the Securities and Exchange Commission, Fat Brands Inc., a company known for its retail eating places, has announced a monthly cash dividend for its shareholders. The Board of Directors declared this dividend on February 18, 2025, for the holders of the company’s 8.25% Series B Cumulative Preferred Stock. According to InvestingPro data, FAT Brands maintains a significant 15.56% dividend yield, though analysts note the company operates with substantial debt and faces cash flow challenges.
The dividend, set at $0.171875 per share, is applicable for the calendar month ending February 28, 2025. Shareholders who are on record by the close of business on March 10, 2025, will be eligible for the dividend payment, which is scheduled to be distributed on March 20, 2025. With a market capitalization of $61.24 million and total debt of $1.54 billion, the company’s financial position warrants careful analysis. Investors seeking deeper insights can access comprehensive financial health metrics through InvestingPro’s detailed research reports.
This financial move underscores Fat Brands’ commitment to providing value to its investors and maintaining a consistent dividend payout, despite facing significant operational challenges. The company has shown strong revenue growth of 42.38% over the last twelve months, though InvestingPro analysis suggests the stock is currently trading below its Fair Value, presenting a potential opportunity for value investors. The company’s preferred stock is listed on The Nasdaq Stock Market LLC under the ticker symbol FATBP.
Fat Brands Inc., with its headquarters in Beverly Hills, California, operates under the jurisdiction of Delaware and has a fiscal year ending on December 26. The company’s Class A and Class B common stock, as well as warrants to purchase Class A Common Stock, are also traded on The Nasdaq Stock Market under the tickers FAT, FATBB, and FATBW, respectively. The stock has demonstrated strong momentum with a 25.1% return over the past six months, though investors should note the company’s current ratio of 0.3 indicates potential liquidity concerns.
The announcement of the dividend follows the company’s corporate governance practices and is in line with the regulations of the Securities Exchange Act of 1934. The information provided in this article is based on the statements made in the press release issued by Fat Brands Inc.
In other recent news, FAT Brands Inc. has completed the spin-off of Twin Hospitality Group Inc., distributing approximately 5.0% of Twin Hospitality’s Class A Common Stock to its shareholders. This move allows Twin Hospitality to operate as an independent, publicly traded entity on the Nasdaq Global Market. FAT Brands also declared a monthly cash dividend for its Series B Cumulative Preferred Stock, with a payout of $0.171875 per share, continuing its practice of regular shareholder returns. Additionally, FAT Brands provided tax details regarding its 2024 dividends, classifying them as a return of capital, and adjusted the exercise price of its Warrants. The company amended its corporate charter and elected 14 directors at its recent Annual Meeting of Stockholders. These developments reflect FAT Brands’ ongoing strategic and financial initiatives, as documented in recent SEC filings. Investors are advised to review these filings for detailed information on the company’s actions and future plans.
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