Atlanticus Holdings announces a quarterly dividend of $0.476563 for Series B Preferred shareholders, payable March 17, 2025.
Quiver AI Summary
Atlanticus Holdings Corporation has announced the approval of a quarterly cash dividend of $0.476563 per share for its Series B Cumulative Perpetual Preferred shareholders, set to be paid on or about March 17, 2025, to those on record as of March 1, 2025. The company, which focuses on providing inclusive financial services through partnerships with banks, retailers, and healthcare providers, leverages proprietary analytics and over 25 years of experience serving millions of customers and managing significant consumer loans. The press release also includes forward-looking statements about potential future dividend payments, noting various risks and uncertainties that could impact the company's ability to maintain and grow its operations and partnerships.
Potential Positives
- Approval of a quarterly dividend of $0.476563 per share demonstrates the company's commitment to returning value to its shareholders.
- Payment of the dividend on March 17, 2025, indicates positive cash flow and financial stability.
- The announcement reflects an ongoing ability to generate sustainable income through servicing over 20 million customers and managing over $40 billion in consumer loans.
Potential Negatives
- The announcement of a quarterly dividend may indicate that the company is facing financial pressures, necessitating a focus on appeasing preferred shareholders rather than reinvesting in growth or addressing operational challenges.
- The press release highlights significant risks and uncertainties, such as loan delinquencies, competitive market pressures, and the company's ability to retain partners, which could undermine investor confidence.
- The extensive use of forward-looking statements suggests potential instability and uncertainty regarding the future performance and strategy of the company, which could raise concerns among stakeholders.
FAQ
What is the recent dividend declared by Atlanticus Holdings Corporation?
Atlanticus Holdings Corporation declared a quarterly dividend of $0.476563 per share for Series B Cumulative Perpetual Preferred shareholders.
When will the dividend be paid?
The cash dividend will be paid on or about March 17, 2025, to shareholders on record as of March 1, 2025.
Who are eligible to receive the dividend?
The dividend is payable to holders of Atlanticus' Series B Cumulative Perpetual Preferred Stock who are on record at the close of business.
How does Atlanticus support financial services?
Atlanticus enables bank, retail, and healthcare partners to offer inclusive financial services through proprietary analytics and diverse consumer loan products.
What risks are associated with Atlanticus' forward-looking statements?
Risks include changes in market interest rates, loan delinquencies, regulatory challenges, and competition in financial markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATLC Insider Trading Activity
$ATLC insiders have traded $ATLC stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $ATLC stock by insiders over the last 6 months:
- MITCHELL SAUNDERS (Chief Accounting Officer) sold 16,004 shares for an estimated $889,022
- DEAL W HUDSON has made 0 purchases and 3 sales selling 4,313 shares for an estimated $147,699.
- DENISE M HARROD has made 0 purchases and 2 sales selling 1,500 shares for an estimated $73,500.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ATLC Hedge Fund Activity
We have seen 31 institutional investors add shares of $ATLC stock to their portfolio, and 24 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KENNEDY CAPITAL MANAGEMENT LLC added 77,095 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,704,492
- WELLINGTON MANAGEMENT GROUP LLP added 47,157 shares (+inf%) to their portfolio in Q3 2024, for an estimated $1,654,267
- INVESCO LTD. removed 14,718 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $516,307
- MILLENNIUM MANAGEMENT LLC removed 14,231 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $499,223
- BLACKROCK, INC. added 13,503 shares (+3.2%) to their portfolio in Q3 2024, for an estimated $473,685
- FIRST TRUST ADVISORS LP removed 13,299 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $466,528
- SAMALIN INVESTMENT COUNSEL, LLC removed 10,105 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $354,483
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATLANTA, Jan. 29, 2025 (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 March 17, 2025 to holders of record of Atlanticus’ Series B Cumulative Perpetual Preferred Stock on the close of business on March 1, 2025.
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 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
[email protected]