Atlas Declares Quarterly Dividends on Common and Preferred Shares

Rhea-AI Summary

Atlas Corp. (NYSE: ATCO) has declared quarterly cash dividends for its common and preferred shares. The common share dividend is set at $0.125, with a record date of October 20, 2020 and a payment date of October 30, 2020. Preferred shares will also receive dividends, including $0.496875 for Series D, $0.515625 for Series E, $0.5125 for Series G, $0.492188 for Series H, and $0.50 for Series I, all payable on the same dates. This announcement reflects the company's commitment to delivering shareholder value.

Positive

• Common share dividend of $0.125 indicates ongoing shareholder returns.
• Preferred shares dividends show confidence in financial stability.

Negative

• None.

LONDON, Oct. 7, 2020 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE: ATCO) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows:  

Security	Ticker	Dividend per Share	Period	Record Date	Payment Date
Common	ATCO	$0.125	July 1, 2020 -   Sept. 30, 2020	October 20, 2020	October 30, 2020
Series D Preferred	ATCO PD	$0.496875	July 1, 2020 -   Sept. 30, 2020	October 29, 2020	October 30, 2020
Series E Preferred	ATCO PE	$0.515625	July 1, 2020 - Sept. 30, 2020	October 29, 2020	October 30, 2020
Series G Preferred	ATCO PG	$0.5125	July 1, 2020 -   Sept. 30, 2020	October 29, 2020	October 30, 2020
Series H Preferred	ATCO PH	$0.492188	July 1, 2020 -   Sept. 30, 2020	October 29, 2020	October 30, 2020
Series I Preferred	ATCO PI	$0.50	July 1, 2020 -   Sept. 30, 2020	October 29, 2020	October 30, 2020

About Atlas 

Atlas is a leading global asset management company, differentiated by its position as a best-in class owner and operator with a focus on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with deep operational and capital allocation experience. We target long-term, risk adjusted returns across high quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Our two portfolio companies, Seaspan Corporation and APR Energy Ltd. are unique, industry-leading operating platforms in the global maritime and energy spaces, respectively.  

For more information visit atlascorporation.com. 

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SOURCE Atlas Corp.

FAQ

What is the dividend amount for ATCO common shares?

The dividend for ATCO common shares is $0.125.

When is the dividend payment date for ATCO's common shares?

The payment date for ATCO's common shares is October 30, 2020.

What are the dividends for ATCO's preferred shares?

Dividends for ATCO's preferred shares range from $0.496875 to $0.515625 depending on the series.

What is the record date for receiving ATCO dividends?

The record date for receiving ATCO dividends is October 20, 2020.

Is the dividend sustainable for ATCO?

The announced dividends suggest a commitment to shareholder returns, indicating potential sustainability.