Nathan's Famous, Inc. (NATH) will raise its quarterly dividend by 40.0 percent to $0.35 per share in 2019. Last year the hot dog company initiated a $0.25 per share quarterly dividend.

The next dividend is payable on June 28, 2019 to shareholders of record at the close of business on June 24, 2019. A new annual rate of $1.40 per share yields 2.1% at a stock price of $67.63.

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.