Atlas Declares Quarterly Dividends on Preferred Shares

Rhea-AI Summary

Atlas Corp. (ATCO) declares cash dividends on its preferred shares for the period October 30, 2023, to January 29, 2024. The dividends per share are $0.496875 for Series D Preferred, $0.492188 for Series H Preferred, and $0.437500 for Series J Preferred. The record date is January 29, 2024, and the payment date is January 30, 2024.

Financial Analyst

Atlas Corp.'s announcement of cash dividends on its preferred shares is a direct financial action that affects shareholder value. Dividends are a portion of earnings distributed to shareholders and can influence the stock's attractiveness, particularly among income-focused investors.

The declared dividends for Series D and H preferred shares are $0.496875 and $0.492188 respectively, while Series J preferred shares will distribute $0.437500 per share. These figures are crucial for investors as they represent a return on investment and can be compared to the current yield of the shares.

From a financial perspective, the stability and regularity of dividend payments can signal the company's financial health and its management's confidence in ongoing profitability. However, investors also need to consider the sustainability of such dividends in relation to the company's earnings and cash flow, as well as the potential for capital growth.

Economist

Atlas Corp.'s dividend declaration can be seen as a microeconomic decision with macroeconomic implications. Dividend payments often reflect a company's operational efficiency and market position. In the broader economic context, consistent dividend payments by firms like Atlas Corp. can contribute to the overall market sentiment and stability.

However, it is essential to analyze the company's payout ratio—the percentage of earnings paid to shareholders in dividends—to assess whether the dividend policy is sustainable without compromising growth or operating needs. A company that maintains a balance between rewarding shareholders and reinvesting in the business is generally viewed favorably by the market.

Industry Analyst

The declaration of dividends by Atlas Corp. should be evaluated against industry benchmarks. In the shipping and logistics industry, where Atlas operates, dividend policies can vary significantly. Some companies may prioritize reinvestment to modernize fleets and expand operations, while others like Atlas may opt to reward shareholders through dividends.

Analysis of Atlas Corp.'s dividend yield in comparison to its peers can provide insights into its competitive position. If the dividend yield is significantly higher than its competitors, it may attract income investors but could also raise questions about the company's long-term growth strategy and capital allocation efficiency.

LONDON, UK, Dec. 22, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") announced today that the Company's Board of Directors has declared cash dividends on its preferred shares as follows:  

Security	Ticker	Dividend per Share	Period	Record Date	Payment Date
Series D Preferred	ATCO PD	$0.496875	October 30, 2023 – January 29, 2024	January 29, 2024	January 30, 2024
Series H Preferred	ATCO PH	$0.492188	October 30, 2023 – January 29, 2024	January 29, 2024	January 30, 2024
Series J Preferred	N/A	$0.437500	October 30, 2023 – January 29, 2024	January 29, 2024	January 30, 2024

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.

What is the dividend per share for Atlas Corp.'s Series D Preferred shares?

The dividend per share for Atlas Corp.'s Series D Preferred shares is $0.496875 for the period October 30, 2023, to January 29, 2024.

When is the record date for the dividends on Atlas Corp.'s preferred shares?

The record date for the dividends on Atlas Corp.'s preferred shares is January 29, 2024.

When will the dividends on Atlas Corp.'s preferred shares be paid?

The dividends on Atlas Corp.'s preferred shares will be paid on January 30, 2024.