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FAT Brands Inc. Announces Quarterly Cash Dividend on Common Stock

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FAT Brands Inc. (NASDAQ: FAT) announced a quarterly cash dividend of $0.13 per share, declared on April 20, 2021. This dividend is payable on May 7, 2021 to stockholders on record as of May 3, 2021. The future of dividends is uncertain and will depend on the company's financial performance, capital levels, and cash requirements.

FAT Brands operates diverse restaurant concepts including Fatburger and Johnny Rockets, with over 700 franchises worldwide.

Positive
  • Quarterly cash dividend of $0.13 per share announced.
  • Dividend payable to shareholders on May 7, 2021, enhances shareholder value.
  • Strong portfolio with nine restaurant brands and over 700 franchises globally.
Negative
  • Future dividends are not guaranteed and depend on the company's financial condition.

Los Angeles, CA, April 22, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, announced today that its Board of Directors declared a quarterly cash dividend of $0.13 per share of common stock on April 20, 2021. The dividend is payable on May 7, 2021 to common stockholders of record as of the close of business on May 3, 2021.

The declaration and payment of future dividends, as well as the amount 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) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns nine restaurant brands: Fatburger, Johnny Rockets, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 700 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. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements. 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 and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. 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
Ashley DeSimone
IR-FATBrands@icrinc.com
646-677-1827

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 in April 2021?

FAT Brands declared a cash dividend of $0.13 per share on April 20, 2021.

When is the FAT Brands dividend payment date?

The dividend is payable on May 7, 2021.

Who will receive the FAT Brands dividend?

Only stockholders of record as of May 3, 2021, will receive the dividend.

Is the dividend from FAT Brands guaranteed in the future?

Future dividends are subject to the discretion of the Board and depend on various financial factors.

FAT Brands Inc.

NASDAQ:FAT

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