FORT LAUDERDALE, Fla. –(BUSINESS WIRE)– National Beverage Corp. (NASDAQ:FIZZ) today announced that its Board of Directors has declared a special cash dividend to shareholders of record at the close of business on December 5, 2012. The Board directed a range of $1.50 to $3.00 per share and will finalize the per share amount no later than November 30, 2012. The payment date will be made to avail shareholders of the current tax treatment in calendar year 2012; and, further, should the Administration extend or modify its position relative to current tax on dividends, the Board may extend the payment date to February 1, 2013
“Our Board views itself as ‘Guardians’ of the shareholders and, as such, will continue to explore all remedies to enhance shareholder values. The range of distribution, while protecting the integrity of our balance sheet, are shareholder values that we will not compromise,” stated Nick A. Caporella, Chairman and Chief Executive Officer.
“Final services for President Kennedy’s – ‘What You Can Do For Your Country’ were held November 6, 2012. Will traditional ‘Golden Standards’ also go the way of that challenge? Can the walls of a Fortress Balance Sheet be astute talent or dynamic creative and insure the same Philosophical Security to the investor? Does shareholder equity have a significant effect on a company’s ability to create, innovate and make profits? Or . . . should it be the Idea – the generation of Cash Flow and the magnet that attracts genius to the Team . . . that comprise the real granite walls of the Fortress . . . on the Fortress Balance Sheet?” Caporella added.
“Is tomorrow’s Enterprise Value determined by the brilliance of the idea, management’s creativity and the magnitude of free cash flow? I certainly hope so . . .” continued Caporella.
“Confusion, upset, dilemma, change, challenge . . . All are provocateurs for the Opportunistic and the Innovator! The benefactors are those who engage in novel thought, for they rest upon – Excellence! We are effervescently engaged – We are National Beverage Corp.! Just part of our DNA . . .” smiled Caporella.
National Beverage 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.
With approximately $600 million in revenues and 1,200 employees, National Beverage Corp. is a leader in the development and sale of flavored beverage products in the United States, offering the widest selection of flavored soft drinks, juices, sparkl...
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