Atlas Declares Quarterly Dividends on Common and Preferred Shares

Rhea-AI Summary

Atlas Corp. (NYSE: ATCO) has declared cash dividends for its common and preferred shares. The common share dividend is set at $0.125 per share for the period of July 1, 2021, to September 30, 2021, with a record date of October 20, 2021, and a payment date of November 1, 2021. Preferred share dividends include $0.496875 (Series D), $0.492188 (Series H), $0.50 (Series I), and $0.4375 (Series J) for the period of July 30, 2021, to October 29, 2021. This marks the 65th consecutive common share dividend declared by Atlas and its predecessor.

Positive

• Declared consistent dividends signaling financial stability and commitment to shareholders.
• Demonstrates ongoing cash flow generation capability with multiple preferred share dividends.

Negative

• Potential risks associated with maintaining dividend levels given market volatility.
• Dependence on continuous cash reserves for sustained dividend payments.

LONDON, Oct. 7, 2021 /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, 2021 – September 30, 2021	October 20, 2021	November 1, 2021
Series D Preferred	ATCO PD	$0.496875	July 30, 2021 – October 29, 2021	October 29, 2021	November 1, 2021
Series H Preferred	ATCO PH	$0.492188	July 30, 2021 – October 29, 2021	October 29, 2021	November 1, 2021
Series I Preferred	ATCO PI	$0.50	July 30, 2021 – October 29, 2021	October 29, 2021	November 1, 2021
Series J Preferred	N/A	$0.4375	July 30, 2021 – October 29, 2021	October 29, 2021	November 1, 2021

This is the 65^th consecutive common share dividend declared by Atlas and its predecessor, Seaspan Corp.

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 declared by Atlas Corp (ATCO) for common shares?

Atlas Corp has declared a cash dividend of $0.125 per common share.

What are the payment dates for Atlas Corp's dividends?

The payment date for common shares is November 1, 2021, and for preferred shares is also November 1, 2021.

How often does Atlas Corp pay dividends?

Atlas Corp announces quarterly dividends.

What is the significance of the 65th consecutive dividend declared by Atlas Corp?

It signifies Atlas Corp's ongoing commitment to returning value to shareholders.