| Cash Dividends |
(10) Cash Dividends
The Company paid cash dividends for the quarter indicated as follows (in thousands, except per share data):
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Dividends |
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Period |
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Record Date |
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Dividend Date |
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Dividends |
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per Share |
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Q4 2020 |
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February 3, 2021 |
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February 11, 2021 |
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$ |
147,194 |
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$ |
0.3075 |
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* |
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February 16, 2021 |
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February 16, 2021 |
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138 |
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* |
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Q1 2021 |
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April 28, 2021 |
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May 12, 2021 |
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108,799 |
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0.2250 |
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* |
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May 17, 2021 |
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May 17, 2021 |
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137 |
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* |
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Q2 2021 |
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July 28, 2021 |
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August 11, 2021 |
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107,719 |
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0.2250 |
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* |
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August 16, 2021 |
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August 16, 2021 |
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138 |
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* |
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Q3 2021 |
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October 27, 2021 |
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November 10, 2021 |
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107,459 |
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0.2250 |
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* |
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November 15, 2021 |
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November 15, 2021 |
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137 |
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* |
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Total 2021 |
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$ |
471,721 |
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Q4 2021 |
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January 26, 2022 |
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February 9, 2022 |
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$ |
108,149 |
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$ |
0.2250 |
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* |
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February 14, 2022 |
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February 14, 2022 |
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138 |
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* |
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Q1 2022 |
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April 27, 2022 |
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May 11, 2022 |
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109,296 |
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0.2250 |
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* |
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May 16, 2022 |
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May 16, 2022 |
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137 |
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* |
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Q2 2022 |
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July 27, 2022 |
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August 10, 2022 |
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107,675 |
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0.2250 |
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* |
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August 15, 2022 |
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August 15, 2022 |
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138 |
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* |
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Total 2022 |
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$ |
325,533 |
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* |
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 October 12, 2022, the Board announced the declaration of a cash dividend on the shares of AM common stock of $0.2250 per share for the quarter ended September 30, 2022. The dividend will be payable on November 9, 2022 to stockholders of record as of October 26, 2022. 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 November 14, 2022 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 September 30, 2022, there were dividends in the amount of $69 thousand accumulated in arrears on the Company’s Series A Preferred Stock.
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