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) has declared a cash dividend of $0.13 per share for the fourth quarter of fiscal 2021. This dividend applies to both Class A and Class B common stock, with a payment date set for December 1, 2021. Shareholders on record by the close of business on November 17, 2021 will receive the dividend. Future dividends will depend on the company’s financial condition and results. FAT Brands operates well-known restaurant chains like Fatburger and Round Table Pizza, boasting over 2,000 franchise units globally.

Positive

• Declared fourth-quarter dividend of $0.13 per share.
• Strengthening shareholder returns with cash dividends.
• Significant global presence with over 2,000 franchise units.

Negative

• Future dividends are not guaranteed and depend on financial performance.

Los Angeles, CA, Nov. 05, 2021 (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, Twin Peaks, Johnny Rockets and 10 other restaurant concepts, announced today that its Board of Directors has declared the Company’s fiscal 2021 fourth quarter cash dividend of $0.13 per share on each outstanding share of Class A common stock and Class B common stock. The dividend is payable on December 1, 2021 to holders of record of Class A common stock and Class B common stock as of the close of business on November 17, 2021.

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 Inc. (NASDAQ: FAT) (the Company) is a leading global franchising company that strategically acquires, markets and develops quick service, fast casual and casual dining restaurant concepts around the world. The Company currently owns fifteen restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Twin Peaks, Johnny Rockets, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Yalla Mediterranean, Ponderosa and Bonanza Steakhouses and franchises over 2,000 units worldwide. For more information, please visit www.fatbrands.com.

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
Lynne Collier
IR-FATBrands@icrinc.com 
646-430-2216

Media Relations:
JConnelly
Erin Mandzik
emandzik@jconnelly.com 
862-246-9911

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FAQ

What is the dividend amount declared by FAT Brands for Q4 2021?

FAT Brands declared a dividend of $0.13 per share for the fourth quarter of fiscal 2021.

When will FAT Brands pay the declared dividend?

The dividend will be paid on December 1, 2021.

What is the record date for the FAT Brands dividend?

The record date for the dividend is November 17, 2021.

Are future dividends from FAT Brands guaranteed?

No, future dividends depend on the company's financial condition and there is no assurance they will be declared.

What restaurant brands are owned by FAT Brands?

FAT Brands owns brands like Fatburger, Round Table Pizza, Marble Slab Creamery, and Johnny Rockets, among others.