FORT LAUDERDALE, Fla. -- (Business Wire)
National Beverage Corp. (NASDAQ:FIZZ) today confirmed that its Board of
Directors has chosen to distribute $2.55 per share to its shareholders.
“Additionally, amidst a jubilant reception of our special dividend,
requests asking to extend the record date were considered and approved
by the Board. The new record date shall be the close of business on
December 7, 2012,” stated Nick A. Caporella, Chairman and Chief
“A significant consideration for the Board’s decision to ‘advantage’ the
shareholders with current tax benefits was a commitment by our
largest shareholder to make available additional equity should the
occasion develop. The expediency by many corporations to benefit their
shareholders has created a very expensive climate for debt. We will
bypass this climate and continue with our favorable credit facilities
that are presently in place. Prudent and wise at this time...” Caporella
“A refreshing bittersweet feeling embraces this particular
dividend; one of six that totals $8.66 over the past eight years. One ‘s’
of Fortress balance sheet will go missing
for a while (albeit for a commendable cause)! Yet, the sweetness of
holiday merriment in ‘Doing the Right Thing’ – exciting many this
wonderful Christmas...makes losing that precious ‘s’ – ok!”
“Does this highly charged fiscal dilemma make you see Red?”
Caporella was asked. “Yes it does...but we continuously see red,
yellow, orange, blue, brown, pink, green, purple and more. We are
America’s Flavor Choice – We are National Beverage Corp.!” Caporella
National Beverage’s iconic brands are the genuine essence...of America.
Our company is highly innovative as a pace-setter in the changing
soft-drink industry, featuring refreshment products that are geared
toward the lifestyle/health-conscious consumer. Shasta® – Faygo® –
Everfresh® and LaCroix® are aligned with Rip It® energy products to make
National Beverage...America’s Flavor•Favorite – soft-drink company.
“Patriotism” – If Only We Could Bottle It!
Fun, Flavor and Vitality . . . the National Beverage Way
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include
fluctuations in costs, changes in consumer preferences and other items
and risk factors described in the Company's Securities and Exchange
Commission 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 contained herein to reflect future events or
National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Source: National Beverage Corp.
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