National Beverage Corp. Trades EX-Dividend
June 02 2017 - 9:15AM
Business Wire
May’s Results Signal an Aggressive Start For a
Fantastic FIZZ Summer!
In accordance with NASDAQ regulations, shares of National
Beverage Corp. (NASDAQ: FIZZ) began trading ‘ex-dividend’ yesterday
– net of the $1.50 per share cash dividend declared on May 5, 2017.
This special dividend will be distributed to shareholders of record
on June 5, 2017 and paid on or before August 4, 2017.
“I am extremely proud that this dividend is the 8th in a program
that will have paid $11.66 to our shareholders since 2004,
representing a 98% payout of our earnings during the period,”
stated Chairman and Chief Executive Officer, Nick A. Caporella.
“FIZZ increased $12.88 per share from the day our Board declared
this special cash dividend, and achieved record-high closing prices
for five consecutive days prior to the ex-dividend date.
“Exponential momentum continues to drive our financial results,”
continued Mr. Caporella. “National Beverage broke multiple records
in Fiscal Year 2017 as our financial and brand growth led the
industry, and our Fiscal Year 2018 is off to an even stronger
start. Our operating margins for May will match revenue growth, and
that is quite an accomplishment.
“The beverage industry is rapidly changing – driven by consumer
awareness and desire for clean labels and natural ingredients.
Progressive, forward-thinking retailers have heard the voice of
consumers and are changing their shelf demographics and marketing.
The result – LaCroix is setting the pace for retailer shelf
reallocation while fueling a new standard for VPO (velocity per
outlet) and VPC (velocity per capita). The month of May is the
engine for what appears to start a great summer and another great
year for our FIZZ investors,” concluded a smiling 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/20170602005387/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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