BAB, Inc. Announces Cash Distribution

Rhea-AI Summary

BAB, Inc. (OTCQB: BABB) has announced a total cash distribution of $0.03 per share, comprising a quarterly distribution of $0.01 and a special distribution of $0.02. The distribution will be paid on January 9, 2025 to shareholders of record as of December 23, 2024.

The company notes that for tax purposes, a portion of this distribution and potential future 2025 distributions may be treated as a return of capital, while the remaining portion may be classified as a dividend. The final determination of the dividend portion for the January 2025 distribution will be communicated to shareholders via tax information returns in early 2026.

Positive

• Declared total cash distribution of $0.03 per share
• Special distribution of $0.02 per share included in total distribution

Negative

• None.

DEERFIELD, Ill., Dec. 04, 2024 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), today announced that its Board of Directors has declared a distribution of three cents ($0.03) per share, consisting of a quarterly distribution of one cent ($0.01) per share and a special distribution of two cents ($.02) per share, payable on January 9, 2025 to shareholders of record as of December 23, 2024.

The Company believes it is possible for tax purposes, a portion of this distribution and any future distributions that the Board may declare in 2025 (collectively, the “Distributions”) may be treated as a return of capital to shareholders to the extent of each shareholder’s basis, while the remaining portion of the Distributions may be treated as a dividend.

The portion of the January 9, 2025 Distribution that will be treated as a dividend will not be determined until January 2026, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2025. The final determination will be reported to recipients of the Distributions on a tax information return in early 2026.

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee. The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.

Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “would,” “believe” and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company’s SEC filings.

FAQ

What is the amount of BAB Inc's (BABB) latest cash distribution announced for December 2024?

BAB Inc. announced a total cash distribution of $0.03 per share, consisting of a $0.01 quarterly distribution and a $0.02 special distribution.

When will BAB Inc's (BABB) December 2024 announced distribution be paid?

The distribution will be paid on January 9, 2025, to shareholders of record as of December 23, 2024.

How will BAB Inc's (BABB) January 2025 distribution be treated for tax purposes?

The distribution may be partially treated as a return of capital and partially as a dividend. The final determination will be reported to shareholders via tax information returns in early 2026.