JERICHO, N.Y., June 8, 2018 /PRNewswire/ -- Nathan's
Famous, Inc. (NASDAQ: NATH) (the "Company" or "Nathan's") announced
today that it intends to pay a regular quarterly cash dividend to
holders of its common stock. In connection with this dividend
program, the Company's Board of Directors (the "Board")
declared a $.25 per share cash
dividend payable on June 22, 2018, to
shareholders of record at the close of business on June 18, 2018.
The Company noted that the dividend program was facilitated by
the Company's operating performance and cash flows as well as
anticipated tax savings as a result of the Tax Cuts and Jobs Act of
2017.
While the Company intends to pay regular quarterly cash
dividends for the foreseeable future, all subsequent dividends, and
the establishment of record and payment dates, are subject to final
determination by the Board each quarter after its review of
the Company's financial performance.
About Nathan's Famous, Inc.
Nathan's is a Russell 2000 Company that currently distributes
its products in 50 states, the District
of Columbia, Puerto Rico,
the U.S. Virgin Islands,
Guam, the Cayman Islands and fourteen foreign countries
through its restaurant system, foodservice sales programs and
product licensing activities. Last year, over 600 million Nathan's
Famous hot dogs were sold. Nathan's was ranked #22 on the Forbes
2014 list of the Best Small Companies in America and was listed as
the Best Small Company in New York
State in October 2013.
Forward-Looking Statements
Except for historical information contained in this news
release, the matters discussed are forward looking statements that
involve risks and uncertainties. Words such as "anticipate",
"believe", "estimate", "expect", "intend", and similar expressions
identify forward-looking statements, which are based on the current
belief of Nathan's management, as well as assumptions made by and
information currently available to Nathan's management. The risks
and uncertainties to which forward-looking statements are subject
include, but are not limited to, Nathan's ability to continue
paying a quarterly dividend, a decrease or other change in the cash
dividend rate, and other risks and factors identified from time to
time in Nathan's filings with the Securities and Exchange
Commission. You are cautioned not to place undue
reliance on any forward-looking statements contained in this press
release. Nathan's does not undertake any obligation to update such
forward-looking statements.
Contact information:
Investors: Ronald DeVos, Chief Financial Officer, (516)
338-8500
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SOURCE Nathan's Famous, Inc.