Cash Distributions and Dividends
|9 Months Ended|
Sep. 30, 2020
|Cash Distributions and Dividends|
|Cash Distributions and Dividends||
(12) Cash Distributions and Dividends
The following table details the amount of distributions and dividends paid with respect to the quarter indicated (in thousands, except per share data):
On October 14, 2020, the Board announced the declaration of a cash dividend on the shares of AM common stock of $0.3075 per share for the quarter ended September 30, 2020. The dividend will be payable on November 12, 2020 to stockholders of record as of October 29, 2020. The Company pays dividends (i) out of surplus or (ii) if there is no surplus, out of the net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year, as provided under Delaware law.
The Board also declared a cash dividend of $138 thousand on the shares of Series A Preferred Stock of Antero Midstream Corporation to be paid on November 16, 2020 in accordance with the terms of the Series A Preferred Stock, which are discussed in Note 13—Equity and Earnings Per Common Share. As of September 30, 2020, there were dividends in the amount of $69 thousand accumulated in arrears on the Company’s Series A Preferred Stock.
The entire disclosure for cash distributions made to limited partner, by distribution.
No definition available.