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 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 remarked.
“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.