Nathan's Famous, Inc. (NATH) Declares $25 Special Dividend; 34.9% Yield
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Nathan's Announces Special Cash Dividend
March 10, 2015 6:00 PM EDTJERICHO, N.Y., March 10, 2015 /PRNewswire/ -- Nathan's Famous, Inc. (NASDAQ: NATH) ("Nathan's") announced today that its board of directors has authorized and declared a special cash dividend of $25.00 on each outstanding share of common stock and unvested restricted common stock.
The record date for the special dividend is March 20, 2015, and the payment date for the dividend is March 27, 2015. Â At $25.00 per share, the special dividend represents approximately 34.9% of Nathan's closing stock price on March 10, 2015. Pursuant to NASDAQ rules, when a dividend is declared in a per share amount that... More
