Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.50 per share by the restaurant operator on Friday, December 6th. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, November 25th.
Nathan's Famous has increased its dividend payment by an average of 12.6% annually over the last three years.
Nathan's Famous Stock Performance
NATH traded up $2.31 during trading on Friday, hitting $89.49. 19,278 shares of the stock were exchanged, compared to its average volume of 6,742. The firm has a 50 day simple moving average of $81.80 and a 200 day simple moving average of $74.12. The firm has a market cap of $365.12 million, a price-to-earnings ratio of 16.72 and a beta of 0.21. Nathan's Famous has a 1 year low of $63.01 and a 1 year high of $91.56.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $2.27 EPS for the quarter. The company had revenue of $44.77 million for the quarter. Nathan's Famous had a negative return on equity of 66.80% and a net margin of 15.21%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Nathan's Famous from a "buy" rating to a "strong-buy" rating in a report on Friday, August 9th.
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Nathan's Famous Company Profile
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Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.
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