Chicago Atlantic BDC, Inc. Declares $0.34 Cash Dividend for Fourth Quarter 2024
Chicago Atlantic BDC (NASDAQ: LIEN) has declared a cash dividend of $0.34 per share for Q4 2024, representing a 36% increase from the previous quarter's dividend of $0.25 per share. The dividend will be recorded on December 19, 2024, with payment scheduled for December 27, 2024.
The company maintains a dividend reinvestment plan (DRIP) that automatically reinvests dividends into additional common stock unless stockholders specifically opt out. Stockholders holding shares through brokers need to contact their financial intermediaries to receive cash dividends instead of stock reinvestment.
Chicago Atlantic BDC (NASDAQ: LIEN) ha dichiarato un dividendo in contante di $0,34 per azione per il quarto trimestre del 2024, con un aumento del 36% rispetto al dividendo del trimestre precedente di $0,25 per azione. Il dividendo sarà registrato il 19 dicembre 2024, con pagamento previsto per il 27 dicembre 2024.
L'azienda offre un piano di reinvestimento dei dividendi (DRIP) che reinveste automaticamente i dividendi in ulteriori azioni ordinarie, a meno che gli azionisti non scelgano esplicitamente di rinunciare. Gli azionisti che detengono azioni tramite broker devono contattare i loro intermediari finanziari per ricevere dividendi in contante anziché reinvestire in azioni.
Chicago Atlantic BDC (NASDAQ: LIEN) ha declarado un dividendo en efectivo de $0.34 por acción para el cuarto trimestre de 2024, lo que representa un aumento del 36% respecto al dividendo del trimestre anterior de $0.25 por acción. El dividendo se registrará el 19 de diciembre de 2024, con el pago programado para el 27 de diciembre de 2024.
La empresa mantiene un plan de reinversión de dividendos (DRIP) que reinvierte automáticamente los dividendos en acciones ordinarias adicionales, a menos que los accionistas opten específicamente por no participar. Los accionistas que tienen acciones a través de corredores deben contactar a sus intermediarios financieros para recibir dividendos en efectivo en lugar de reinversión en acciones.
시카고 애틀랜틱 BDC (NASDAQ: LIEN)는 2024년 4분기에 주당 $0.34의 현금 배당금을 선언했으며, 이는 이전 분기의 주당 배당금 $0.25에 비해 36% 증가한 것입니다. 배당금은 2024년 12월 19일에 기록되며, 지급은 2024년 12월 27일로 예정되어 있습니다.
회사는 주주가 특별히 선택하지 않는 한 배당금을 추가 보통주로 자동 재투자하는 배당금 재투자 계획(DRIP)을 유지하고 있습니다. 브로커를 통해 주식을 보유한 주주는 현금 배당금을 받기 위해 재정 중개인에게 연락해야 합니다.
Chicago Atlantic BDC (NASDAQ: LIEN) a déclaré un dividende en espèces de 0,34 $ par action pour le quatrième trimestre 2024, représentant une augmentation de 36% par rapport au dividende du trimestre précédent de 0,25 $ par action. Le dividende sera enregistré le 19 décembre 2024, avec un paiement prévu le 27 décembre 2024.
L'entreprise maintient un plan de réinvestissement des dividendes (DRIP) qui réinvestit automatiquement les dividendes en actions ordinaires supplémentaires, sauf si les actionnaires choisissent spécifiquement de ne pas participer. Les actionnaires détenant des actions par l'intermédiaire de courtiers doivent contacter leurs intermédiaires financiers pour recevoir des dividendes en espèces au lieu de réinvestissement en actions.
Chicago Atlantic BDC (NASDAQ: LIEN) hat eine Bardividende von 0,34 $ pro Aktie für das vierte Quartal 2024 erklärt, was eine Erhöhung von 36% im Vergleich zur Dividende von 0,25 $ pro Aktie im vorherigen Quartal darstellt. Die Dividende wird am 19. Dezember 2024 erfasst, und die Zahlung ist für den 27. Dezember 2024 geplant.
Das Unternehmen bietet einen Dividenden-Reinvestitionsplan (DRIP) an, der Dividenden automatisch in zusätzliche Stammaktien reinvestiert, es sei denn, die Aktionäre wählen ausdrücklich aus. Aktionäre, die Aktien über Broker halten, müssen ihre Finanzintermediäre kontaktieren, um Bargelddividenden anstelle von Aktienreinvestitionen zu erhalten.
- 36% increase in quarterly dividend from $0.25 to $0.34 per share
- Implementation of DRIP offering shareholders flexible dividend reinvestment options
- None.
Insights
NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (“the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced that the Company’s board of directors has declared a cash dividend of
The following are the key dates for the dividend:
| Record Date | December 19, 2024 |
| Payment Date | December 27, 2024 |
The Company has adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of dividends on behalf of its stockholders, unless a stockholder elects to receive cash. As a result, when the Company declares a cash dividend, stockholders who have not “opted out” of the DRIP in accordance with the terms of the DRIP and the procedures of their broker or other financial intermediary will have their cash dividends automatically reinvested in additional shares of the Company’s common stock. A stockholder whose shares are held by a broker or other financial intermediary should contact their broker or other financial intermediary as soon as possible in order to determine the time by which the stockholder must take action in order to receive dividends in cash.
About Chicago Atlantic BDC, Inc.
The Company is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, and has elected to be treated as a regulated investment company for U.S. federal income tax purposes. The Company’s investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies. The Company is managed by Chicago Atlantic BDC Advisers, LLC, an investment manager focused on the cannabis and other niche or underfollowed sectors. For more information, please visit lien.chicagoatlantic.com.
Forward-Looking Statements
Certain information contained herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about the Company, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in the Company’s filings with the Securities and Exchange Commission. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which the Company makes them. The Company does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Contact:
Tripp Sullivan
SCR Partners, LLC
LIEN@chicagoatlantic.com
FAQ
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