National Beverage Corp. Declares Dividend with Thanks and Gratitude This Joyful Holiday
November 20 2018 - 5:38PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) continues
industry-leading growth and earnings momentum, announcing in its
last quarterly release its fifteenth consecutive quarter of revenue
and earnings growth. The Board of Directors today announced a
special cash dividend of $2.90 per share to shareholders of record
on November 30, 2018. FIZZ will trade ex-dividend on November 29,
2018 and the payment date for this distribution shall be on or
before January 29, 2019.
“This cash dividend reflects the Board’s confidence in the
sparkling future of National Beverage and is a vote of confidence
for the outstanding job that Team National has done,” stated Lead
Board Member, Samuel Hathorn, Jr. “I have known our founder and
Chairman, Mr. Nick A. Caporella, for many years and the masterful
transformative job he has done with the National Beverage Corp.
assets to transform healthy hydration in America is not being given
appropriate recognition. Nick has always put the interests of all
shareholders ahead of any personal considerations. While the
management of many other companies use corporate funds to
repurchase shares to enrich their personal holdings, Nick has
always encouraged the Board to favor cash dividends over stock
repurchases. If National Beverage had used the cash paid in
dividends to purchase stock, the Company would today be 100% owned
by Nick and the last seven plus years of shareholder appreciation
would have gone to Nick. His acts of compassion set him apart from
most humans I am aware of,” concluded Mr. Hathorn.
“This payment represents the ninth cash dividend paid over the
last fourteen years while significantly growing our business to
over $1 billion in revenues and maintaining an enviable balance
sheet. Cumulatively, FIZZ holders will have received cash dividends
of $14.56 per share, or $675 million,” stated Chairman and Chief
Executive Officer, Nick A. Caporella.
Our Way is Tastefully
Sparkling !!
Innovation should be new – but ours has
the ‘essence’ to refresh and captivate with FIZZ + Fun
“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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Office of the Chairman, Grace Keene, 877-NBC-FIZZ
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