National Beverage Corp. Announces One-for-One Stock Split
February 05 2021 - 9:15AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today announced its Board
of Directors declared a one-for-one stock split in the form of a
stock dividend. This dividend will be distributed on February 19,
2021 to shareholders of record on February 16, 2021. Trading will
begin on a split-adjusted basis on February 22, 2021.
“This stock dividend reaffirms National Beverage Corp.’s
commitment to its shareholders,” stated a company spokesperson.
“Over the past 20 years, a FIZZ holder who reinvested all dividends
would have multiplied their initial investment by more than 80
times. After the $6.00 per share cash dividend paid January 29, we
have returned $20.56 per share, or nearly $1 billion, to FIZZ
holders.
“The key to understanding our successful corporate model is to
understand how National Beverage is different from most other
public companies. Our company’s innovative talent goes well beyond
the ingredients we use to create the finest taste and artistic use
of color in our iconic package designs that differentiate our
brands from all others. Today, LaCroix is the leading name in the
pure sparkling water category. Tomorrow, we see a larger field of
opportunity. Our immediate objective is to build on LaCroix’s
present foundation to create a global, iconic brand offering a
greater range of healthy, refreshing and innovative beverages.
“With the recent increased market participation by smaller
and/or individual investors, we believe this Board action today
will enhance market liquidity and provide opportunistic long-term
value growth for a wider range of investors,” concluded the
spokesperson.
National Beverage plans to announce financial results for its
third quarter ended January 30, 2021 on or before March 11,
2021.
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The Company disclaims an obligation to update or announce
revisions to any forward-looking statements.
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