FAT Brands Inc. Announces Fourth Quarter Cash Dividend on Class A Common Stock and Class B Common Stock

Rhea-AI Summary

FAT Brands Inc. (NASDAQ: FAT) announced a cash dividend of $0.14 per share for its fiscal 2022 fourth quarter, payable on December 1, 2022, to shareholders of record as of November 15, 2022. This dividend, applicable to Class A and Class B common stock, reflects the company's ongoing commitment to returning value to its shareholders. However, the declaration of future dividends will depend on various factors including operational results and financial stability.

Positive

• Dividend of $0.14 per share for Q4 2022 announced, enhancing shareholder value.

Negative

• Future dividends are uncertain and depend on the company's financial performance.

LOS ANGELES, Oct. 27, 2022 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Fazoli’s and 11 other restaurant concepts, announced today that its Board of Directors has declared the Company’s fiscal 2022 fourth quarter cash dividend of $0.14 per share on each outstanding share of Class A common stock and Class B common stock. The dividend is payable on December 1, 2022 to holders of record of Class A common stock and Class B common stock as of the close of business on November 15, 2022.

The declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Company’s Board of Directors. The amount and size of any future dividends will depend upon the Company’s future results of operations, financial condition, capital levels, cash requirements and other factors. There can be no assurance that the Company will declare and pay dividends in future periods.

About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to significant business, economic and competitive risks, uncertainties and contingencies including, but not limited to, uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic, many of which are difficult to predict and beyond our control, which could cause our actual results to differ materially from the results expressed or implied in such forward-looking statements. We refer you to the documents we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks, uncertainties and contingencies. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Investor Relations:
ICR
Michelle Michalski
IR-FATBrands@icrinc.com
646-277-1224

Media Relations:
FAT Brands Inc.
Erin Mandzik
emandzik@fatbrands.com
860-212-6509

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FAQ

What is the dividend amount declared by FAT Brands for Q4 2022?

FAT Brands declared a dividend of $0.14 per share for Q4 2022.

When will the dividend be paid for FAT Brands stock?

The dividend will be paid on December 1, 2022.

What is the record date for the FAT Brands dividend?

The record date for the FAT Brands dividend is November 15, 2022.

How often does FAT Brands pay dividends?

The frequency of dividends is subject to the discretion of the Board of Directors and can vary.

Are future dividends guaranteed for FAT Brands?

No, future dividends are not guaranteed and will depend on the company's financial condition and operational results.