Nathan’s Famous, Inc. (NASDAQ:NATH) Plans $0.45 Quarterly Dividend

Nathan’s Famous, Inc. (NASDAQ:NATHGet Rating) announced a quarterly dividend on Friday, August 5th, Zacks reports. Stockholders of record on Monday, August 22nd will be paid a dividend of 0.45 per share by the restaurant operator on Friday, September 2nd. This represents a $1.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, August 19th.

Nathan’s Famous Trading Up 1.8 %

NATH stock traded up $1.01 during trading on Friday, reaching $56.01. 8,407 shares of the stock were exchanged, compared to its average volume of 6,256. The stock has a 50 day simple moving average of $54.36 and a 200-day simple moving average of $53.51. The company has a market capitalization of $228.52 million, a P/E ratio of 16.97 and a beta of 0.28. Nathan’s Famous has a twelve month low of $45.50 and a twelve month high of $72.30.

Institutional Trading of Nathan’s Famous

Several institutional investors and hedge funds have recently made changes to their positions in NATH. Hsbc Holdings PLC acquired a new position in shares of Nathan’s Famous in the 1st quarter valued at $325,000. Raymond James & Associates boosted its stake in Nathan’s Famous by 3.1% in the 1st quarter. Raymond James & Associates now owns 10,291 shares of the restaurant operator’s stock worth $557,000 after purchasing an additional 312 shares during the period. Bank of New York Mellon Corp boosted its stake in Nathan’s Famous by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 23,736 shares of the restaurant operator’s stock worth $1,286,000 after purchasing an additional 307 shares during the period. State Street Corp boosted its stake in Nathan’s Famous by 4.8% in the 1st quarter. State Street Corp now owns 50,988 shares of the restaurant operator’s stock worth $2,762,000 after purchasing an additional 2,346 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Nathan’s Famous by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 130,926 shares of the restaurant operator’s stock worth $7,092,000 after purchasing an additional 3,887 shares during the period. Institutional investors own 41.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Nathan’s Famous from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 15th.

About Nathan’s Famous

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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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Dividend History for Nathan's Famous (NASDAQ:NATH)

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