Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
May 11 2022 - 4:30PM
Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the
Company”, “we,” “our” or “us”), a financial technology company that
enables its bank, retail and healthcare partners to offer more
inclusive financial services to millions of everyday Americans,
today announced that its Board of Directors approved a quarterly
dividend of $0.483091 per share to Series B Cumulative Perpetual
Preferred stockholders. The cash dividend will be paid on or about
June 15, 2022 to holders of record of Atlanticus’ Series B
Cumulative Perpetual Preferred Stock on the close of business on
June 1, 2022.
About Atlanticus Holdings
Corporation
Empowering Better Financial Outcomes for
Everyday Americans
Atlanticus’ technology allows bank, retail, and
healthcare partners to offer more inclusive financial services to
everyday Americans through the use of proprietary analytics. We
apply the experience gained and infrastructure built from servicing
over 18 million customers and $27 billion in consumer
loans over our 25-year operating history to support lenders that
originate a range of consumer loan products. These products include
retail and healthcare private label credit and general purpose
credit cards marketed through our omnichannel platform, including
retail point-of-sale, healthcare-point of-care, direct mail
solicitation, internet-based marketing, and partnerships with third
parties. Additionally, through our CAR
subsidiary, Atlanticus serves the individual needs of
automotive dealers and automotive non-prime financial organizations
with multiple financing and service programs.
Forward-Looking Statements
This press release contains forward-looking
statements that reflect the Company's current views with respect to
the payment of dividends in the future. You generally can identify
these statements by the use of words such as “outlook,”
“potential,” “continue,” “may,” “seek,” “approximately,” “predict,”
“believe,” “expect,” “plan,” “intend,” “estimate” or “anticipate”
and similar expressions or the negative versions of these words or
comparable words, as well as future or conditional verbs such as
“will,” “should,” “would,” “likely” and “could.” These statements
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those included in the
forward-looking statements. These risks and uncertainties include
those risks described in the Company's filings with the Securities
and Exchange Commission and include, but are not limited to, risks
related to the extent and duration of the COVID-19 pandemic and its
impact on the Company, bank partners, merchant partners, consumers,
loan demand, the capital markets, labor availability, supply chains
and the economy in general; the Company's ability to retain
existing, and attract new, merchant partners and funding sources;
changes in market interest rates; increases in loan delinquencies;
its ability to operate successfully in a highly regulated industry;
the outcome of litigation and regulatory matters; the effect of
management changes; cyberattacks and security vulnerabilities in
its products and services; and the Company's ability to compete
successfully in highly competitive markets. The forward-looking
statements speak only as of the date on which they are made, and,
except to the extent required by federal securities laws, the
Company disclaims any obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which the statement is made or to reflect the occurrence of
unanticipated events. In light of these risks and uncertainties,
there is no assurance that the events or results suggested by the
forward-looking statements will in fact occur, and you should not
place undue reliance on these forward-looking statements.
Contact:Investor RelationsKarin
DalyVice PresidentThe Equity Group Inc.(212)
836-9623kdaly@equityny.com
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