FAT Brands Inc. Declares Cash Dividend for Stockholders
FAT Brands Inc. (NASDAQ: FAT), renowned for its portfolio of beloved restaurant brands, has recently declared a cash dividend of $0.14 per share for its Class A and Class B common stock. This announcement underscores the company's ongoing commitment to providing value to its shareholders while reinforcing its position in the global franchising industry.
Details of the Cash Dividend Announcement
The Board of Directors has confirmed that the cash dividend is set to be payable on the last day of November to all holders of both Class A and Class B common stock who are on record by mid-November. This adds up to a rewarding proposition for investors looking to benefit from the company’s strong performance in a competitive market.
Future Dividend Declarations
While this current dividend marks a significant moment for FAT Brands, it is important for investors to know that future dividends will be declared at the discretion of the Board. Various elements such as operational results, financial condition, and capital needs will factor into any future dividend decisions. Shareholders should remain informed as the company navigates through its growth journey.
About FAT Brands Inc.
Founded with the mission of delivering fresh and authentic dining experiences, FAT Brands Inc. stands as a formidable player in the franchising world. The company is responsible for nurturing a wide array of restaurant brands, including popular names like Fatburger, Round Table Pizza, and Johnny Rockets. Each restaurant reflects the company’s commitment to quality and customer satisfaction, positioning FAT Brands as a trusted and beloved name in the food industry.
The Vast Portfolio of Brands
Currently, FAT Brands manages an impressive portfolio, featuring eighteen culinary concepts that attract a loyal customer base across the globe. Not only does the company own an expansive network, but it also boasts over 2,300 locations worldwide, each echoing its commitment to service excellence and sustainable growth.
Engagement with Shareholders and Media Relations
The ongoing communication with shareholders and the media is vital for companies like FAT Brands. Whether it’s through dividends or press releases, FAT Brands strives to keep its stakeholders informed about its business trajectory and community engagements. The company values these connections as they form the backbone of its trustworthy reputation.
Investor and Media Communications
The Investor Relations department, led by Michelle Michalski, remains accessible for queries about the company’s financial health and operational strategies. For inquiries regarding media relations, Erin Mandzik is the primary contact, reflecting the company’s drive to prioritize transparency and maintain active relationships across the board.
Frequently Asked Questions
1. What was the announced cash dividend for FAT Brands Inc.?
The announced cash dividend is $0.14 per share for Class A and B common stockholders.
2. When will this dividend be paid out?
The dividend is scheduled to be paid on November 29 to shareholders on record as of November 15.
3. Are future dividends guaranteed?
Future dividends are not guaranteed and will depend on various factors including company performance and financial condition.
4. What restaurant brands are owned by FAT Brands?
FAT Brands owns numerous popular restaurants including Fatburger, Round Table Pizza, and Johnny Rockets among others.
5. Who can I contact for investor relations?
For investor relations, you can reach Michelle Michalski at ICR; further contact information can be provided upon request.
