BAB, Inc. Announces Cash Distribution
BAB INC (BABB)
NASDAQ:AMEX Investor Relations:
babcorp.com/investors/default.htm
Company Research
Source: GlobeNewswire
DEERFIELD, Ill., Sept. 06, 2024 (GLOBE NEWSWIRE) -- September 6, 2024 - BAB, Inc. (OTCQB: BABB), today announced that its Board of Directors has declared a quarterly distribution of one cent ($0.01) per share, payable on October 11, 2024 to shareholders of record as of September 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 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 October 11, 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 informa
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