Quarterly report pursuant to Section 13 or 15(d)

Cash Dividends

v3.21.1
Cash Dividends
3 Months Ended
Mar. 31, 2021
Cash Dividends  
Cash Dividends

(10) Cash Dividends

The following table details the amount of distributions and dividends paid with respect to the quarter indicated (in thousands, except per share data):

Dividends

Period

    

Record Date

    

Dividend Date

    

Dividends

    

per Share

Q4 2019

January 31, 2020

February 12, 2020

$

148,876

$

0.3075

*

February 14, 2020

February 14, 2020

138

*

Q1 2020

April 30, 2020

May 12, 2020

147,519

0.3075

*

May 15, 2020

May 15, 2020

137

*

Q2 2020

July 30, 2020

August 12, 2020

146,664

0.3075

*

August 14, 2020

August 14, 2020

138

*

Q3 2020

October 29, 2020

November 12, 2020

146,581

0.3075

*

November 16, 2020

November 16, 2020

137

*

Total 2020

$

590,190

Q4 2020

February 3, 2021

February 11, 2021

$

147,194

$

0.3075

*

February 16, 2021

February 16, 2021

138

*

Total 2021

$

147,332

*

Dividends are paid in accordance with the terms of the Series A Preferred Stock (as defined below) as discussed in Note 11—Equity and Earnings Per Common Share.

On April 14, 2021, the Board announced the declaration of a cash dividend on the shares of AM common stock of $0.225 per share for the quarter ended March 31, 2021. The dividend will be payable on May 12, 2021 to stockholders of record as of April 28, 2021. 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 to be paid on May 17, 2021 in accordance with the terms of the Series A Preferred Stock, which are discussed in Note 11—Equity and Earnings Per Common Share. As of March 31, 2021, there were dividends in the amount of $69 thousand accumulated in arrears on the Company’s Series A Preferred Stock.