BAB, Inc. Announces Cash Distribution
BAB INC (BABB)
NASDAQ:AMEX Investor Relations:
babcorp.com/investors/default.htm
Company Research
Source: GlobeNewswire
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.
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