National Beverage (FIZZ) DIvidends Date & History

Key Takeaways

• National Beverage Corp. (FIZZ) does not pay a regular dividend and maintains a current yield of 0%.
• The company issues special dividends irregularly, with the most recent $3.25 per share paid in July 2026.
• Over 22 years, FIZZ has distributed 13 special dividends totaling approximately $19.78 per share.
• Strong cash generation and low debt support the ability to return capital opportunistically to shareholders.
• Payouts are not part of a consistent growth strategy but reflect excess cash availability.
• Dividend investors seeking predictable income may find FIZZ less suitable compared to traditional payers.

Dividend Overview

National Beverage Corp. (FIZZ) does not maintain a regular dividend policy. The company instead declares special dividends on an opportunistic basis when it has excess cash. As of the latest data, the trailing annual dividend yield stands at 0%, with no recurring quarterly or annual payments. The most recent special dividend of $3.25 per share was declared in July 2026 and paid on July 30, 2026. This approach positions FIZZ as a growth-oriented beverage company rather than a traditional dividend stock or high-yield income vehicle. Investors should view any distributions as one-time returns of capital rather than ongoing income.

Dividend History and Growth

FIZZ has paid 13 special dividends since 2004, with no fixed schedule or growth trajectory. Notable payments include $3.25 in 2026 and 2024, $3.00 in 2021 and 2020, $1.45 in 2018, and smaller amounts in earlier years. These irregular distributions reflect periods of strong cash accumulation rather than a deliberate dividend growth streak. The company has not established consecutive annual increases or a consistent payout pattern, distinguishing it from dividend growth stocks in the consumer staples sector.

Dividend Sustainability and Payout Ratio

With no regular dividend, traditional metrics such as payout ratio and earnings coverage are not applicable in the standard sense. Recent special dividends have been funded from robust free cash flow and a solid balance sheet with minimal debt. National Beverage Corp. (FIZZ) reported strong profitability and cash generation in fiscal 2026, enabling the latest distribution without compromising operational flexibility. Sustainability depends on future cash flows, which remain healthy given the company’s efficient operations and brand portfolio.

Dividend Compared to Industry Peers

In the beverages sector, peers such as PepsiCo (PEP) and Coca-Cola (KO) offer consistent quarterly dividends with yields typically around 2-3% and long growth histories. FIZZ’s lack of a regular payout places it below average for income-focused investors in the industry. While special dividends provide occasional boosts, they lack the predictability and compounding effect seen in established dividend payers.

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Is This Stock Attractive for Dividend Investors?

National Beverage Corp. (FIZZ) appeals primarily to growth-oriented or total-return investors rather than those seeking steady dividend income. The absence of a regular payout and reliance on special dividends make it less attractive for income investors or those prioritizing dividend sustainability and growth streaks. Conservative dividend investors may prefer peers with established quarterly programs. However, shareholders who value capital returns through occasional special distributions and strong underlying business performance may find occasional appeal in FIZZ’s approach, provided they accept the lack of predictability.

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