Atlanticus Holdings Corporation Announces Dividend Approval
ATLANTA — Atlanticus Holdings Corporation (NASDAQ: ATLC), a notable player in financial technology, recently revealed that its Board of Directors has approved a quarterly cash dividend of $0.476563 per share. This dividend is specifically for its Series B Cumulative Perpetual Preferred shareholders. The payment is set to be distributed around March 17 to those who hold shares as of the close of business on March 1.
Overview of Atlanticus Holdings Corporation
Atlanticus is dedicated to empowering individuals by providing better financial outcomes. The Company enables its bank, retail, and healthcare partners to implement financially inclusive solutions aimed at millions of everyday Americans. Leveraging advanced technology and proprietary analytics, Atlanticus significantly enhances the way its partners deliver financial services.
Innovative Financial Solutions
With an impressive track record of over 25 years, Atlanticus has facilitated over $40 billion in consumer loans. Their diverse range of consumer loan products includes retail and healthcare private label credit, along with general purpose credit cards. These offerings are marketed through an omnichannel platform which encompasses retail locations, healthcare points of care, direct mail, and online marketing initiatives.
Supporting Automotive Financing
Additionally, through its Auto Finance subsidiary, Atlanticus caters to the specific needs of automotive dealers and non-prime financial organizations. This includes offering various financing options and service programs, ensuring that both dealers and customers alike benefit from tailored financial solutions.
Commitment to Shareholder Value
The recent announcement of the quarterly dividend reflects Atlanticus’ ongoing commitment to delivering value to its shareholders. By rewarding those who invest in its Series B Preferred stock, the company demonstrates its financial stability and long-term growth strategy.
Looking Ahead
As Atlanticus Holdings Corporation continues to expand its reach, it remains focused on attracting new partners and funding sources. The company's ability to adapt to market changes and innovate within the financial services sector positions it well for future success.
Frequently Asked Questions
What is Atlanticus Holdings Corporation?
Atlanticus Holdings Corporation is a financial technology company that helps bank, retail, and healthcare partners offer inclusive financial services to everyday Americans.
What is the announced quarterly dividend amount?
The announced quarterly dividend amount is $0.476563 per share for Series B Cumulative Perpetual Preferred shareholders.
When will the dividend be paid?
The cash dividend is expected to be paid on or about March 17, with a record date of March 1.
How long has Atlanticus been in operation?
Atlanticus has been in operation for over 25 years, during which it has serviced over 20 million customers.
How does Atlanticus support automotive financing?
Atlanticus provides tailored financing and service programs through its Auto Finance subsidiary to meet the needs of automotive dealers and non-prime customers.
