Nathan's Famous, Inc. (NASDAQ:NATH) Declares $0.50 Quarterly Dividend

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.50 per share by the restaurant operator on Friday, February 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Tuesday, February 18th.

Nathan's Famous has increased its dividend by an average of 12.6% annually over the last three years.

Nathan's Famous Trading Up 1.7 %

NASDAQ NATH traded up $1.50 on Tuesday, hitting $87.60. 10,503 shares of the company traded hands, compared to its average volume of 8,682. The company has a market capitalization of $358.20 million, a price-to-earnings ratio of 15.10 and a beta of 0.25. The business's 50 day moving average price is $81.30 and its 200-day moving average price is $80.77. Nathan's Famous has a 52-week low of $64.02 and a 52-week high of $94.97.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan's Famous had a negative return on equity of 89.20% and a net margin of 16.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.

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.