FAT Brands (FAT) has stopped paying quarterly dividends to its shareholders. The restaurant franchising company started paying a quarterly dividend of $0.12 per share in the first quarter of 2018. Shareholders have received three quarterly dividends of 12 cents.

The last dividend of 12 cents was payable on October 31, 2018 to stockholders of record as of the close of business on October 18, 2018. The company did not announce a new dividend since the last dividend was declared on October 8.

The company paid an estimated annual dividend of $6 million before the dividend was suspended.

FAT Brands is a franchising company that acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns five restaurant brands, Fatburger, Buffalo’s Cafe, Buffalo’s Express and Ponderosa & Bonanza Steakhouses, that have approximately 300 locations open and 300 under development in 32 countries.