Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Plans Dividend Increase – $0.60 Per Share

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLGet Free Report) declared an annual dividend on Thursday, May 21st. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.60 per share on Friday, June 26th. This represents a yield of 181.0%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 9.1% increase from Flanigan’s Enterprises’s previous annual dividend of $0.55.

Flanigan’s Enterprises Stock Performance

Shares of BDL opened at $33.00 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The stock has a market cap of $61.38 million, a P/E ratio of 10.28 and a beta of 0.35. The company has a 50-day moving average of $31.72 and a two-hundred day moving average of $31.67. Flanigan’s Enterprises has a 12-month low of $26.33 and a 12-month high of $35.98.

Insider Transactions at Flanigan’s Enterprises

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 1,899 shares of the business’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $31.76 per share, for a total transaction of $60,312.24. Following the completion of the transaction, the chief executive officer owned 983,971 shares in the company, valued at approximately $31,250,918.96. The trade was a 0.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 2,000 shares of company stock worth $63,453 in the last ninety days. Insiders own 62.30% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BDL. Empowered Funds LLC raised its position in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after acquiring an additional 445 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Flanigan’s Enterprises in the second quarter valued at approximately $249,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Flanigan’s Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 11.03% of the company’s stock.

About Flanigan’s Enterprises

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Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.

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Dividend History for Flanigan's Enterprises (NYSEAMERICAN:BDL)

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