FAT Brands Inc. Announces Quarterly Cash Dividend on Common Stock
22 April 2021 - 11:00PM
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:
ICRAshley DeSimoneIR-FATBrands@icrinc.com646-677-1827
Media Relations:
JConnellyErin Mandzikemandzik@jconnelly.com862-246-9911
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