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Associated Capital Group, Inc. Announces Special Dividend of $2 Per Share

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Associated Capital Group (NYSE:AC) has announced a special cash dividend of $2.00 per share. The dividend will be payable on November 4, 2024, to Class A and Class B shareholders of record as of the close of business on October 21, 2024. Based on the current 21.2 million shares outstanding, the total payout is estimated to be approximately $42.4 million.

Since its inception as a public company in 2015, including this special dividend, AC has returned about $81.1 million to shareholders through dividends. This announcement demonstrates the company's commitment to providing value to its shareholders.

Associated Capital Group (NYSE:AC) ha annunciato un dividendo speciale in contante di 2,00 $ per azione. Il dividendo sarà pagabile il 4 novembre 2024, agli azionisti di Classe A e Classe B registrati alla chiusura delle attività del 21 ottobre 2024. Sulla base delle attuali 21,2 milioni di azioni in circolazione, il pagamento totale è stimato essere di circa 42,4 milioni di $.

Dalla sua nascita come società pubblica nel 2015, incluso questo dividendo speciale, AC ha restituito circa 81,1 milioni di $ agli azionisti attraverso i dividendi. Questo annuncio dimostra l'impegno della società a fornire valore ai propri azionisti.

Associated Capital Group (NYSE:AC) ha anunciado un dividendo especial en efectivo de 2.00 $ por acción. El dividendo se pagará el 4 de noviembre de 2024 a los accionistas de Clase A y Clase B que estén registrados al cierre de operaciones del 21 de octubre de 2024. Con base en las actuales 21.2 millones de acciones en circulación, el pago total se estima en aproximadamente 42.4 millones de $.

Desde su creación como empresa pública en 2015, incluido este dividendo especial, AC ha devuelto alrededor de 81.1 millones de $ a los accionistas a través de dividendos. Este anuncio demuestra el compromiso de la empresa de proporcionar valor a sus accionistas.

Associated Capital Group (NYSE:AC)는 특별 현금 배당금으로 주당 2.00 달러를 발표했습니다. 이 배당금은 2024년 11월 4일2024년 10월 21일 업무 종료 시 기준으로 Class A 및 Class B 주주에게 지급됩니다. 현재 2,120만 주가 발행된 것을 기준으로 총 배당금 지급액은 약 4,240만 달러로 추정됩니다.

2015년 공개 회사로 출발한 이래로, 이 특별 배당금을 포함하여 AC는 배당금으로 주주에게 약 8,110만 달러를 돌려주었습니다. 이번 발표는 주주에게 가치를 제공하려는 회사의 헌신을 보여줍니다.

Associated Capital Group (NYSE:AC) a annoncé un dividende spécial en espèces de 2,00 $ par action. Le dividende sera payable le 4 novembre 2024, aux actionnaires de Classe A et de Classe B inscrits à la clôture des affaires du 21 octobre 2024. Sur la base des 21,2 millions d'actions en circulation, le montant total des paiements est estimé à environ 42,4 millions $.

Depuis sa création en tant qu'entreprise publique en 2015, y compris ce dividende spécial, AC a retourné environ 81,1 millions $ aux actionnaires sous forme de dividendes. Cette annonce démontre l'engagement de la société à fournir de la valeur à ses actionnaires.

Associated Capital Group (NYSE:AC) hat eine sonstige Barausschüttung von 2,00 $ pro Aktie angekündigt. Die Ausschüttung wird am 4. November 2024 an die Aktionäre der Klassen A und B ausgezahlt, die am 21. Oktober 2024 zum Geschäftsschluss im Aktienregister stehen. Basierend auf den derzeit 21,2 Millionen ausstehenden Aktien wird die Gesamtausschüttung auf etwa 42,4 Millionen $ geschätzt.

Seit ihrer Gründung als börsennotiertes Unternehmen im Jahr 2015 hat AC, einschließlich dieser Sonderdividende, den Aktionären über Dividenden rund 81,1 Millionen $ zurückgegeben. Diese Ankündigung zeigt das Engagement des Unternehmens, seinen Aktionären Wert zu bieten.

Positive
  • Special cash dividend of $2.00 per share announced
  • Total payout of approximately $42.4 million to shareholders
  • Cumulative dividend payments of $81.1 million since 2015
Negative
  • None.

GREENWICH, Conn., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), today announced that its Board of Directors has declared a special cash dividend of $2.00 per share, payable on November 4, 2024, to Class A and Class B shareholders of record as of the close of business on October 21, 2024. The aggregate payment will be approximately $42.4 million, based on shares outstanding of 21.2 million as of the date of this release.

Since its inception as a public company in 2015 and including the current estimated special dividend, AC has returned approximately $81.1 million to shareholders through dividends.

About Associated Capital Group, Inc.
Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along several core pillars including Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor. We also created Gabelli Principal Strategies Group, LLC (“GPS”) in December 2015 to pursue strategic operating initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Contact:Ian J. McAdams
Chief Financial Officer
(914) 921-5078
Associated-Capital-Group.com

FAQ

When will Associated Capital Group (AC) pay its $2 special dividend?

Associated Capital Group (AC) will pay its $2 special dividend on November 4, 2024.

What is the record date for Associated Capital Group's (AC) special dividend?

The record date for Associated Capital Group's (AC) special dividend is October 21, 2024.

How much will Associated Capital Group (AC) pay in total for the special dividend?

Associated Capital Group (AC) will pay approximately $42.4 million in total for the special dividend, based on 21.2 million shares outstanding.

How much has Associated Capital Group (AC) returned to shareholders since 2015?

Including the current special dividend, Associated Capital Group (AC) has returned approximately $81.1 million to shareholders through dividends since 2015.

Associated Capital Group, Inc.

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