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BAB, Inc. (OTCQB: BABB) has declared a quarterly distribution of one cent ($0.01) per share and a special distribution of one cent ($.01) per share, payable on January 16, 2024 to shareholders of record as of December 27, 2023. The Company's stock is traded on the OTCQB under the symbol BABB. BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
Positive
The company is providing a special distribution to its shareholders, potentially indicating strong financial performance.
Negative
The portion of the distribution that will be treated as a dividend will not be determined until January 2025, which may cause uncertainty for shareholders.
Deerfield, IL, Dec. 11, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), today announced that its Board of Directors has declared a quarterly distribution of one cent ($0.01) per share and a special distribution of one cent ($.01) per share, payable on January 16, 2024 to shareholders of record as of December 27, 2023.
The Company believes it is possible for tax purposes, a portion of this distribution and any future distributions that the Board may declare in 2024 (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 16, 2024 Distribution that will be treated as a dividend will not be determined until January 2025, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2024. The final determination will be reported to recipients of the Distributions on a tax information return in early 2025.
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.
BAB, Inc. has declared a quarterly distribution of one cent ($0.01) per share.
The distribution will be payable on January 16, 2024 to shareholders of record as of December 27, 2023.
BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
The stock is traded on the OTCQB under the symbol BABB.
since 1993, bab has grown into a nationally-known franchisor of a fast casual restaurant concept with complementary products, a reasonable investment level, and an inherent competitive advantage as the low-cost producer in our segment. moreover, our company stands apart from the crowd with our continuing advancement and consumer appeal because of our commitment to excellence in all aspects of our business. our big apple bagels® and my favorite muffin® restaurants have so much more in store than just our fabulous fresh bagels, muffins, and cream cheese. our restaurants offer a casual yet comfortable atmosphere in which you can order to-go or linger in our dining area with our wide assortment of breakfast and lunch items, treats, and beverages. our stores feature our own brewster's® coffee brand brewed coffee and specialty drinks. if you've been to one of our restaurants, you've seen -- and tasted -- what keeps our customers coming back for more. a word from our president and ceo, michae