Nathan's Famous, Inc. (NATH) will start paying a quarterly dividend of $0.25 per share in the second quarter of 2018. Earlier the hot dog company paid special dividends in 2017 and 2015.

The first ever regular quarterly dividend is payable on June 22, 2018, to shareholders of record at the close of business on June 18, 2018. The annual dividend of $1.00 per share yields 1.1% based on Friday's closing price of $88.70.

The company noted that the dividend program was facilitated by its operating performance and cash flows as well as anticipated tax savings as a result of the Tax Cuts and Jobs Act of 2017.

Nathan's Famous, Inc. is a branded licensor, wholesaler and retailer of products marketed under our Nathan’s Famous brand, including our popular Nathan’s World Famous Beef Hot Dogs. The company's products are marketed for sale in supermarkets, mass merchandisers and club stores, selected foodservice locations and company-owned and franchised restaurants throughout the United States and international.  Nathan's Famous began as a nickel hot dog stand on Coney Island in 1916. The company went public in 1993 and initiated a quarterly dividend in 2018.