Atlas Declares Quarterly Dividends on Common and Preferred Shares

(Neutral)

Rhea-AI Summary

Atlas Corp. (NYSE: ATCO) has declared cash dividends for its common and preferred shares, reinforcing its commitment to shareholders. The common share dividend is set at $0.125 for the period from July 1 to September 30, 2022, with a record date of October 20, 2022, and payment date on October 31, 2022. Preferred shares include Series D at $0.496875, Series H at $0.492188, Series I at $0.500, and Series J at $0.4375, all payable on October 31, 2022. This marks the 69th consecutive dividend payment, reflecting the company's ongoing dedication to providing value.

Positive

Declaration of cash dividends signifies confidence in continued profitability.
69th consecutive common share dividend demonstrates commitment to shareholder returns.

Negative

None.

News Market Reaction – ATCO

+6.12%

+6.12% Session move

In the trading session that priced this news, ATCO gained 6.12%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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10/06/2022 - 04:15 PM

LONDON, UK, Oct. 6, 2022 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows:

Security	Ticker	Dividend per Share	Period	Record Date	Payment Date
Common	ATCO	$0.125000	July 1, 2022 –September 30, 2022	October 20, 2022	October 31, 2022
Series D Preferred	ATCO PD	$0.496875	July 30, 2022 – October 29, 2022	October 28, 2022	October 31, 2022
Series H Preferred	ATCO PH	$0.492188	July 30, 2022 – October 29, 2022	October 28, 2022	October 31, 2022
Series I Preferred	ATCO PI	$0.500000	July 30, 2022 – October 29, 2022	October 28, 2022	October 31, 2022
Series J Preferred	N/A	$0.437500	July 30, 2022 – October 29, 2022	October 28, 2022	October 31, 2022

This is the 69^th consecutive common share dividend declared by Atlas and its predecessor, Seaspan Corporation.

About Atlas

Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. For more information visit atlascorporation.com.

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SOURCE Atlas Corp.

FAQ

What is the dividend amount for Atlas Corp. common shares in October 2022?

The dividend for Atlas Corp. common shares is $0.125.

When is the record date for the October 2022 dividends?

The record date for the October 2022 dividends is October 20, 2022.

What is the payment date for Atlas Corp.'s dividends?

The payment date for Atlas Corp.'s dividends is October 31, 2022.

What dividends were declared for preferred shares by Atlas Corp.?

Dividends declared for preferred shares include Series D at $0.496875, Series H at $0.492188, Series I at $0.500, and Series J at $0.4375.

How many consecutive dividends has Atlas Corp. paid?

Atlas Corp. has paid 69 consecutive dividends.