Market Overview

National Beverage Corp. ‘Acts' in Favor of Cash Dividend for $2.30 Per Share

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Today, December 6, 2010, being the latest effective date by regulation and time requirement in which to secure preferential tax treatment for their shareholders, the Board of Directors has acted to guard their shareholder interests by declaring a cash dividend of $2.30 per share. This dividend shall be payable to shareholders of record as of the close of business on December 16, 2010. Under Delaware law, the State in which the Company is incorporated, payment of dividends shall be made no later than 60 days after record date or, in this case, on or before February 14, 2011. NASDAQ shall require ex-dividend trading of National Beverage Common Stock (FIZZ) effective market opening on December 14, 2010.

“While the Board and management are joyful and uplifted for the shareholders, the Company's balance sheet and prudent management philosophy enabled the Board's actions and will not impair or negatively influence the Company's future performance in any way,” stated Nick A. Caporella, Chairman and Chief Executive Officer.

Posted-In: News Dividends

 

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