Nathan’s Famous, Inc. (NATH) to Issue Quarterly Dividend of $0.50 on December 5th

Nathan’s Famous, Inc. (NASDAQ:NATH) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, November 24th will be paid a dividend of 0.50 per share by the restaurant operator on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 24th.

Nathan’s Famous has raised its dividend payment by an average of 0.1%per year over the last three years.

Nathan’s Famous Stock Performance

NASDAQ NATH opened at $97.33 on Friday. The stock has a market cap of $397.98 million, a price-to-earnings ratio of 16.90 and a beta of 0.38. The business has a 50 day simple moving average of $105.89 and a 200 day simple moving average of $105.41. Nathan’s Famous has a 52-week low of $75.14 and a 52-week high of $118.50.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.26 earnings per share for the quarter. Nathan’s Famous had a net margin of 15.74% and a negative return on equity of 143.21%. The firm had revenue of $45.69 million for the quarter.

Institutional Investors Weigh In On Nathan’s Famous

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position in Nathan’s Famous by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after buying an additional 260 shares in the last quarter. Summit Securities Group LLC bought a new stake in Nathan’s Famous during the first quarter worth about $48,000. Legal & General Group Plc raised its holdings in Nathan’s Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 406 shares in the last quarter. CWM LLC boosted its position in Nathan’s Famous by 34.1% during the first quarter. CWM LLC now owns 822 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 209 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Nathan’s Famous by 75.7% in the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 381 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Nathan’s Famous Company Profile

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.