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Atlanticus sets quarterly dividend for preferred shares



 

ATLC
-0.52%

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ATLANTA – Atlanticus Holdings Corporation (NASDAQ: ATLC), a financial technology firm, announced today that its Board of Directors has approved a quarterly dividend for its preferred shareholders. The company, which specializes in providing inclusive financial services through partnerships with banks, retailers, and healthcare providers, declared a dividend of $0.476563 per share on its Series B Cumulative Perpetual Preferred Stock.

The dividend is scheduled to be paid on March 15, 2024, to shareholders of record as of the close of business on March 1, 2024. This move reflects Atlanticus’ commitment to delivering value to its investors and its confidence in the sustained performance of the company.

Atlanticus leverages its proprietary analytics to support consumer loan products, including private label credit and general-purpose credit cards. The company boasts a significant operational history, having serviced over 20 million customers and managed more than $38 billion in consumer loans over its 25-year tenure.

Furthermore, Atlanticus extends its financial solutions to the automotive sector through its Auto Finance subsidiary, which provides financing and services tailored to the needs of dealers and non-prime financial organizations in the auto industry.

However, the company cautions that this press release contains forward-looking statements regarding future dividend payments, which are subject to various risks and uncertainties. These include potential impacts from the COVID-19 pandemic on the economy and the company’s operations, as well as other factors detailed in their filings with the Securities and Exchange Commission.

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