Atlas Declares Quarterly Dividends on Common and Preferred Shares

Rhea-AI Summary

Atlas Corp. (NYSE: ATCO) declared cash dividends for common and preferred shares on July 7, 2021. The common share dividend is $0.125 per share, covering the period from April 1 to June 30, 2021, with a record date of July 20 and a payment date of July 30. For preferred shares, dividends are: $0.496875 for Series D, $0.492188 for Series H, $0.50 for Series I, and $0.238194 for Series J, all payable on July 30, 2021. This marks the 64th consecutive dividend declared by Atlas and its predecessor. The company focuses on creating sustainable shareholder value in infrastructure assets.

Positive

• Declared $0.125 dividend per common share, enhancing income for shareholders.
• 64th consecutive dividend reflects company stability and commitment to shareholder returns.
• Diverse preferred share dividends indicate robust financial health.

Negative

• None.

LONDON, UK, July 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	April 1, 2021 – June 30, 2021	July 20, 2021	July 30, 2021
Series D Preferred	ATCO PD	$0.496875	April 30, 2021 – July 29, 2021	July 29, 2021	July 30, 2021
Series H Preferred	ATCO PH	$0.492188	April 30, 2021 – July 29, 2021	July 29, 2021	July 30, 2021
Series I Preferred	ATCO PI	$0.50	April 30, 2021 – July 29, 2021	July 29, 2021	July 30, 2021
Series J Preferred	*NYSE listing in progress	$0.238194	June 11, 2021 – July 29, 2021	July 29, 2021	July 30, 2021

On June 14^th, 2021, Atlas announced that the Series E and Series G Preferred Shares would be redeemed on July 1, 2021. Upon redemption holders received all accrued and unpaid dividends up to but excluding the redemption date.

This is the 64^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. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/atlas-declares-quarterly-dividends-on-common-and-preferred-shares-301326952.html

SOURCE Atlas Corp.

FAQ

What is the dividend amount declared by Atlas Corp. (ATCO)?

Atlas Corp. declared a dividend of $0.125 per common share and varying amounts for preferred shares.

When is the payment date for Atlas Corp.'s common share dividend?

The payment date for the common share dividend is July 30, 2021.

What are the record dates for the dividends declared by Atlas Corp. (ATCO)?

The record date for the common share dividend is July 20, 2021, and for preferred shares, it is July 29, 2021.

How many consecutive dividends has Atlas declared?

Atlas has declared its 64th consecutive dividend.

What is the dividend yield for the common shares of Atlas Corp. (ATCO)?

The dividend yield can be calculated based on the current share price and the declared dividend of $0.125.