Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

Rhea-AI Summary

Atlanticus Holdings Corporation (NASDAQ: ATLC) has announced a quarterly dividend of $0.476653 per share for Series B Cumulative Perpetual Preferred stockholders. This dividend is set to be paid on or about September 15, 2022, to shareholders on record as of September 1, 2022. Atlanticus focuses on providing inclusive financial services, having supported over 18 million customers and facilitating $27 billion in consumer loans throughout its 25-year history.

Positive

• Quarterly dividend of $0.476653 per share provides income to shareholders.
• Company has a strong customer base of over 18 million.
• Has facilitated $27 billion in consumer loans, indicating robust operational capacity.

Negative

• Forward-looking statements highlight potential risks related to COVID-19 impacts, loan demand, and regulatory challenges.
• High competition in the financial services market may affect future growth.

ATLANTA, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), 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 $0.476653 per share to Series B Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about September 15, 2022 to holders of record of Atlanticus’ Series B Cumulative Perpetual Preferred Stock on the close of business on September 1, 2022.

About Atlanticus Holdings Corporation

Empowering Better Financial Outcomes for Everyday Americans

Atlanticus’ technology allows 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 18 million customers and $27 billion in consumer loans over our 25-year 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 CAR 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 the extent and duration of the COVID-19 pandemic 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
Karin Daly
Vice President
The Equity Group Inc.
(212) 836-9623
kdaly@equityny.com

FAQ

What is the dividend amount for Atlanticus Holdings in 2022?

The dividend amount for Atlanticus Holdings in 2022 is $0.476653 per share.

When is the dividend payment date for Atlanticus Holdings?

The dividend payment date for Atlanticus Holdings is on or about September 15, 2022.

Who are the shareholders eligible for the dividend from Atlanticus Holdings?

Shareholders on record as of September 1, 2022, are eligible for the dividend from Atlanticus Holdings.

What risks are associated with Atlanticus Holdings' dividend payments?

Risks include impacts from the COVID-19 pandemic, loan demand fluctuations, and regulatory challenges.