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

Rhea-AI Summary

FAT Brands Inc. (NASDAQ: FAT) has announced a cash dividend of $0.14 per share for the second quarter of fiscal 2023, payable on June 1, 2023, to shareholders on record by May 15, 2023. The declaration of future dividends is subject to the discretion of the Board of Directors, dependent on the company’s financial performance and operational needs. FAT Brands operates a diverse portfolio of restaurant franchises, including iconic brands such as Round Table Pizza and Fatburger, with over 2,300 units worldwide. Shareholders should be aware that future dividend payments are not guaranteed and may vary based on the company's performance.

Positive

• Declaration of $0.14 cash dividend per share enhances shareholder value.
• Company operates a diversified portfolio of 17 well-known restaurant brands.
• FAT Brands has over 2,300 operational units worldwide, indicating strong market presence.

Negative

• Future dividends are not guaranteed and dependent on company performance.

LOS ANGELES, April 10, 2023 (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 2023 second 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 June 1, 2023 to holders of record of Class A common stock and Class B common stock as of the close of business on May 15, 2023.

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 seventeen 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, Ponderosa and Bonanza Steakhouses and franchises and owns over 2,300 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, 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 Q2 2023?

FAT Brands has declared a cash dividend of $0.14 per share for Q2 2023.

When will FAT Brands pay the declared dividend?

The dividend will be payable on June 1, 2023.

What is the record date for FAT Brands' dividend payment?

The record date for the dividend payment is May 15, 2023.

Are future dividends guaranteed for FAT Brands?

No, future dividends are subject to the discretion of the Board of Directors and are not guaranteed.

How many restaurant brands does FAT Brands own?

FAT Brands owns 17 restaurant brands including Round Table Pizza and Fatburger.