Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

Rhea-AI Summary

Atlanticus Holdings (NASDAQ: ATLC), a financial technology company, has announced a quarterly dividend for its Series B Cumulative Perpetual Preferred shareholders. The Board of Directors approved a dividend of $0.476563 per share, to be paid on or around September 15, 2024. Shareholders of record at the close of business on September 1, 2024 will be eligible for this cash dividend.

Atlanticus enables its bank, retail, and healthcare partners to offer more inclusive financial services to millions of everyday Americans. This dividend announcement demonstrates the company's commitment to providing returns to its preferred shareholders.

Positive

• Consistent dividend payment indicates financial stability
• Dividend of $0.476563 per share provides income for preferred shareholders

Negative

• None.

ATLANTA, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders. The cash dividend will be paid on or about September 15, 2024 to holders of record of Atlanticus’ Series B Cumulative Perpetual Preferred Stock on the close of business on September 1, 2024.

About Atlanticus Holdings Corporation

Empowering Better Financial Outcomes for Everyday Americans

Atlanticus^TM technology enables bank, retail, and healthcare partners to offer more inclusive financial services to everyday Americans through the use of proprietary analytics. We apply the experience gained and infrastructure built from servicing over 20 million customers and over $40 billion in consumer loans over more than 25 years of operating history to support lenders that originate a range of consumer loan products. These products include retail and healthcare private label credit and general purpose credit cards marketed through our omnichannel platform, including retail point-of-sale, healthcare point-of-care, direct mail solicitation, internet-based marketing, and partnerships with third parties. Additionally, through our Auto Finance subsidiary, Atlanticus serves the individual needs of automotive dealers and automotive non-prime financial organizations with multiple financing and service programs.

Forward-Looking Statements

This press release contains forward-looking statements that reflect the Company's current views with respect to the payment of dividends in the future. You generally can identify these statements by the use of words such as “outlook,” “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate” or “anticipate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. These risks and uncertainties include those risks described in the Company's filings with the Securities and Exchange Commission and include, but are not limited to, risks related to COVID-19 and its impact on the Company, bank partners, merchant partners, consumers, loan demand, the capital markets, labor availability, supply chains and the economy in general; the Company's ability to retain existing, and attract new, merchant partners and funding sources; changes in market interest rates; increases in loan delinquencies; its ability to operate successfully in a highly regulated industry; the outcome of litigation and regulatory matters; the effect of management changes; cyberattacks and security vulnerabilities in its products and services; and the Company's ability to compete successfully in highly competitive markets. The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

Contact:
Investor Relations
(770) 828-2000
investors@atlanticus.com

FAQ

What is the dividend amount for Atlanticus Holdings (ATLC) Series B Preferred Stock?

Atlanticus Holdings (ATLC) has declared a quarterly dividend of $0.476563 per share for its Series B Cumulative Perpetual Preferred Stock.

When will Atlanticus (ATLC) pay its next preferred stock dividend?

Atlanticus (ATLC) will pay its next preferred stock dividend on or about September 15, 2024.

What is the record date for Atlanticus' (ATLC) upcoming preferred stock dividend?

The record date for Atlanticus' (ATLC) upcoming preferred stock dividend is September 1, 2024, at the close of business.

How often does Atlanticus Holdings (ATLC) pay dividends on its Series B Preferred Stock?

Based on the announcement of a quarterly dividend, Atlanticus Holdings (ATLC) appears to pay dividends on its Series B Preferred Stock every quarter.