National Beverage Corp. Gives Shareholders $2.55 Per Share
FORT LAUDERDALE, Fla. -- November 29, 2012
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 Executive Officer.
“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 added.
“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!” Caporella
“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 winked.
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 developments.
National Beverage Corp.
Grace Keene, 877-NBC-FIZZ
Office of the Chairman
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