National Beverage Corp. Continues To Refresh Via Shareholder Value + Healthy Beverages And MORE Cash!
May 05 2017 - 1:20PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced its
eighth special cash dividend and released the following letter to
shareholders written by Nick A. Caporella, Chairman and Chief
Executive Officer. Growing revenues organically by approximately
65% while distributing 98% of its earnings is a form of financial
masterfulness that its shareholders have certainly benefitted
by.
Dear Fellow FIZZ Holder:
Today, our Board of Directors confirmed a cash dividend of $1.50
per share to be distributed to shareholders of record on June 5,
2017. Payment date for this distribution shall be on or before
August 4, 2017.
Our impressive VPO calculator that was reflected on the cover of
our fiscal year 2015 Proxy is flashing solid green numbers as we
bring FY2017 to a close. That flashing light reflects much –
investor contentment yes, but also the new Mom who found that
morning sickness was cured with LaCroix . . . the suffering
diabetic who found new joy with our innocent sparkling water . . .
the guy who lost 40 pounds and found a new life with our
calorie-free sparkling water and, if I dared, this entire letter
would be full of these stories. We are making history with our
innovation and America is getting healthier by our pledge. That
green light is joy flashing – real genuine joy – and while we truly
recognize our blessings, we also acknowledge that barring some
catastrophic consequence, we are supremely mated to this purpose –
this inveterate of good fortune – as far as our hearts can feel.
Yes, we are!
As one of the youngest CEO’s to be locked in a battle to protect
shareholders from a noted serial corporate raider from 1976 to 1988
– an experience that forever shaped my resolve. Today, that long
ago experience continues to embolden my determination to diligently
serve the loyal shareholders of National Beverage Corp. and I
honorably do so . . . but I must search deeply to define that word
‘loyal’ these days! Some shareholders are earning fees while
enabling speculators to ‘short’ our stock. This is hardly loyal
behavior in my eyes and goes against my fiduciary allegiance.
Witnessing the recent confirmation to our Supreme Court, and how,
is further testament that doing the most beneficial for the sake of
the most precious facts is worth the risk still today . . . as it
was for me in that Delaware court so very long ago that allowed for
the birth of National Beverage Corp.
So, I plan to poll all of the institutional shareholders to
summon their support to allow the loyal to benefit and subject
those who chose to ‘bet against’ the Company and its loyal
supporters to suffer the consequences of their fate. As that
Delaware court determination long ago has proven, doing the ‘best
right’ wins out supremely in the end.
Mr. Warren Buffett, a notable creator of shareholder value, has
said that when an economic castle is worthy of waterfall cash flows
that buy ‘other things’, while simultaneously producing spectacular
growth, someone is going to want to take that castle away from
them. He said a ‘right kind’ of moat and ‘someone inside that
castle who knows what they are doing’ was mandatory. Well, he is
quite accurate with his statement. Yes, maybe even more than
accurate . . . profound!
National Beverage Corp. does not possess a patent which, by the
way, is the most formidable moat, but has the closest audacious
back-up moat . . . a cult-led, tech-charged millennial with
‘change’ power, an extremely passionate and proven innovator,
healthier mandatory incentives pushed by society plus a powerful
army of highly-competent professionals drinking the plan! Throw in
the team called Team National and that moat becomes . . .
nuclear.
We are on the right side of Conviction, the
healthiest motive a public corporation can have:
No greater cause than to enrich the loyal
shareholders . . .
No greater honor than to create a healthier,
stronger America!
Thanks for giving us our purpose . . . fueled
with your loyalty!
Big Hug,
Nick A. Caporella
FIZZ IS – HEALTHY SPARKLING,
ALL-WAYS!
National Beverage’s iconic brands are the
genuine essence . . . of America
“Patriotism” – If Only We Could Bottle
It!”
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve risks, uncertainties and
other factors described in the Company's SEC filings which may
cause actual results or achievements to differ from the results or
achievements expressed or implied by such statements. The Company
disclaims an obligation to update or announce revisions to any
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170505005707/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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