Associated Capital Group, Inc. Announces Special Dividend of $2 Per Share
Rhea-AI Summary
Associated Capital Group (NYSE:AC) has announced a special cash dividend of $2.00 per share. The dividend will be payable on November 4, 2024, to Class A and Class B shareholders of record as of the close of business on October 21, 2024. Based on the current 21.2 million shares outstanding, the total payout is estimated to be approximately $42.4 million.
Since its inception as a public company in 2015, including this special dividend, AC has returned about $81.1 million to shareholders through dividends. This announcement demonstrates the company's commitment to providing value to its shareholders.
Positive
- Special cash dividend of $2.00 per share announced
- Total payout of approximately $42.4 million to shareholders
- Cumulative dividend payments of $81.1 million since 2015
Negative
- None.
News Market Reaction
On the day this news was published, AC gained 3.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
GREENWICH, Conn., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), today announced that its Board of Directors has declared a special cash dividend of
Since its inception as a public company in 2015 and including the current estimated special dividend, AC has returned approximately
About Associated Capital Group, Inc.
Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along several core pillars including Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.
| Contact: | Ian J. McAdams Chief Financial Officer (914) 921-5078 Associated-Capital-Group.com |
FAQ
When will Associated Capital Group (AC) pay its $2 special dividend?
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