National Beverage Corp. Rewards Shareholders with Second Cash Dividend in 2017
August 04 2017 - 9:00AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today paid its eighth
special cash dividend and released the following letter to
shareholders written by Nick A. Caporella, Chairman and Chief
Executive Officer:
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August 4, 2017
Dear Fellow FIZZ Holder:
Today we are paying a special cash dividend
of $1.50 per share, which is the eighth paid since 2004 and the
second $1.50 per share distribution made to shareholders in 2017.
Cumulatively, FIZZ holders have received cash dividends of $11.66
per share, or nearly $540 million.
As I reflect on the growth of your company
since our first common stock dividend was paid, a metamorphic
evolution has indeed taken place. For our FY 2004, we reported
revenue growth of 2.3%, operating profits of $29.7 million and
basic earnings per share of $.42. As you are aware, results for our
FY 2017 set new records: revenue growth of 17%, operating profits
of $162 million and earnings per share of $2.30. Better still, as I
previously advised you, our new FY
2018 is off to an even stronger
start.
Achieving impressive milestones, whether in
brand development, financial goals or shareholder returns . . . the
results are as impressive as the innovation that stimulates them.
Certainly we are pleased that our energy and strategic plan are
producing good fortune for you, our loyal and committed
shareholders.
Although I have used these words
many times in the past, current Wall Street sentiments make the
following statement more boundless than ever before:
Companies do not end up doing good
for their shareholders...
They start – with their commitment to
the
shareholders – and make good on IT!
Thank you for your steadfast
support.
With best regards and continued
commitment,
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!
WE SPARKLE . . . AMERICA SMILES!
This press release includes forward-looking statements within
the meaning of the Litigation Reform Act, including such risks and
factors described in the Company's SEC filings. The Company
disclaims an obligation to update any such factors or to publicly
announce the results of any revisions to any forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170804005395/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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