National Beverage Corp. Makes High Goals . . . Higher! Declares Special Cash Dividend

Rhea-AI Summary

National Beverage Corp. (NASDAQ: FIZZ) has declared a special cash dividend of $3.25 per share, payable to shareholders of record on June 24, 2024. This marks their twelfth special dividend in 20 years, summing up to $16.53 per share, or over $1.5 billion. The ex-dividend date is June 24, 2024, and payment will be made by July 24, 2024. The company has reported eleven consecutive quarters of record sales, increasing gross profits, and operating income. Fiscal year results ending April 27, 2024, will be announced by June 26, 2024. LaCroix, a brand under National Beverage, continues to be a market leader with its innovative flavors and trusted brand reputation.

Positive

• Special cash dividend of $3.25 per share.
• Total dividends of $16.53 per share over 20 years, totaling over $1.5 billion.
• Eleven consecutive quarters of record sales.
• Improving gross profits and operating income.
• Strong operating cash flows and industry-leading balance sheet.
• Expecting fiscal year results by June 26, 2024.
• LaCroix remains a trusted and innovative brand.

Negative

• Dividend payment might suggest the company is not reinvesting enough in growth.
• Potential shareholder dilution if dividends are funded through equity.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- National Beverage Corp. (NASDAQ: FIZZ), honoring its committed goal to shareholders, today announced that its Board of Directors has declared a special cash dividend of $3.25 per share to shareholders of record on June 24, 2024. FIZZ will trade ex-dividend on June 24, 2024, and the payment date for this dividend will be on or before July 24, 2024.

“With this special dividend, our twelfth in the past 20 years, FIZZ holders will have received $16.53 per share, or over $1.5 billion,” stated a company spokesperson. “Our consistent performance in unusual circumstances and excellent, innovative products continue to generate superior operating cash flows while maintaining one of the industry’s strongest balance sheets. We most recently reported eleven consecutive quarters of record sales coupled with improving gross profits and operating income. National Beverage Corp. plans to announce results for its fiscal year ended April 27, 2024 on or before June 26, 2024.”

“Team National continues its uniqueness with novel, innovative creativity that sets us apart, especially with exceptional taste and flavors that excite its devoted consumers. Retailers anticipate and expect originality from LaCroix with its superb flavor development and packaging that leads the sparkling water industry. Our newest LaCroix flavor, Mojito, brings the sensory feel of paradise directly to consumers nationally and other imaginative flavors are currently being presented to major customers. LaCroix remains as one of ‘The Most Trusted Brands in America’ as it continues its leadership in innovation,” concluded the company spokesperson.

“Patriotism” – If Only We Could Bottle It!

View source version on businesswire.com: https://www.businesswire.com/news/home/20240611071604/en/

Office of the Chairman, Grace Keene

877-NBC-FIZZ

www.nationalbeverage.com

Source: National Beverage Corp.

FAQ

What is the special cash dividend declared by National Beverage Corp. (FIZZ)?

National Beverage Corp. has declared a special cash dividend of $3.25 per share.

When is the record date for National Beverage Corp.'s (FIZZ) special cash dividend?

The record date for the special cash dividend is June 24, 2024.

When will National Beverage Corp. (FIZZ) trade ex-dividend?

FIZZ will trade ex-dividend on June 24, 2024.

When is the payment date for National Beverage Corp.'s (FIZZ) special cash dividend?

The payment date for the special cash dividend is on or before July 24, 2024.

How much has National Beverage Corp. (FIZZ) paid in dividends over the past 20 years?

National Beverage Corp. has paid $16.53 per share in dividends over the past 20 years, totaling over $1.5 billion.

How has National Beverage Corp. (FIZZ) performed financially in recent quarters?

National Beverage Corp. has reported eleven consecutive quarters of record sales, with improving gross profits and operating income.

When will National Beverage Corp. (FIZZ) announce its fiscal year results?

National Beverage Corp. plans to announce results for its fiscal year ended April 27, 2024, on or before June 26, 2024.

What is the latest flavor introduced by LaCroix under National Beverage Corp. (FIZZ)?

The latest flavor introduced by LaCroix is Mojito.

Why is LaCroix considered a market leader?

LaCroix is considered a market leader due to its innovative flavors, trusted brand reputation, and leadership in the sparkling water industry.