BAB Inc. (OTCMKTS:BABB) Stock has been moving within a narrow range after the recent gain.
On Monday, BABB stock jumped 2.24% to $0.80 with more than 1.4k shares, compared to its average volume of 8.4K shares. The stock has moved within a range of $0.7900 – 0.7975 after opening trade at $0.79.
BAB Inc. Announces Cash Distribution
BAB, Inc. (OTCMKTS:BABB) on December 6, 2021, announced that the Board of Directors has confirmed quarterly distribution of one cent ($0.01) per share. This would be payable on January 11, 2022, to shareholders having a record date as December 22, 2021.
The firm opines that it is possible for tax purposes, a part of this and future distributions may be treated as a return of capital to shareholders whereas the remaining portion of the Distributions will be treated as a dividend.
Part of the January 11, 2022 Distribution, which will be a dividend will not be assessed till Jan 2021 being dependent on the firm’s earnings for tax purposes during the fiscal year ending November 30, 2022. However, the final determination will be confirmed to recipients of the Distributions on tax information return in early 2023.
BAB, Inc. franchises as well as licenses bagel and muffin retail units under Big Apple Bagels’ name in the United States. The content comprises of flavored cream cheeses, daily baked bagels, premium coffees as well as gourmet bagel sandwiches besides some more products. On the other hand, its MFM brand has several freshly-baked muffins and coffees. BAB’s SD brand includes frozen yogurt products.
The company had 7 licensed units and 72 franchise units in 22 states of the United States and also in UAE as of November 30, 2020.
BABB stock is trading above the 20-Day and 50-Day Moving averages of $0.79 and $0.78 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.73.