National Beverage Sets Stock Split as Dividend
10:31 AM EST, 02/05/2021 (MT Newswires) -- National Beverage Corp. (FIZZ), producer of LaCroix sparkling water, announced a stock split Friday.
The Fort Lauderdale, Fla., company said it will issue a one-for-one stock dividend Feb. 19 to shareholders of record as of Feb. 16.
The action will double the number of the outstanding shares. Trading will shift to the split-adjusted basis on Feb. 22, according to the company.
The company noted its board decided to take the action in light of the "recent increased market participation by smaller and/or individual investors."
Shares of National Beverage are up 16% since the beginning of the year, and were up 1.6% in recent Friday trading.
The company plans to release its fiscal Q3 results by March 11
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