Quarterly report pursuant to Section 13 or 15(d)

Cash Dividends

v3.22.2.2
Cash Dividends
9 Months Ended
Sep. 30, 2022
Cash Dividends  
Cash Dividends

(10) Cash Dividends

The Company paid cash dividends for the quarter indicated as follows (in thousands, except per share data):

Dividends

Period

    

Record Date

    

Dividend Date

    

Dividends

    

per Share

Q4 2020

February 3, 2021

February 11, 2021

$

147,194

$

0.3075

*

February 16, 2021

February 16, 2021

138

*

Q1 2021

April 28, 2021

May 12, 2021

108,799

0.2250

*

May 17, 2021

May 17, 2021

137

*

Q2 2021

July 28, 2021

August 11, 2021

107,719

0.2250

*

August 16, 2021

August 16, 2021

138

*

Q3 2021

October 27, 2021

November 10, 2021

107,459

0.2250

*

November 15, 2021

November 15, 2021

137

*

Total 2021

$

471,721

Q4 2021

January 26, 2022

February 9, 2022

$

108,149

$

0.2250

*

February 14, 2022

February 14, 2022

138

*

Q1 2022

April 27, 2022

May 11, 2022

109,296

0.2250

*

May 16, 2022

May 16, 2022

137

*

Q2 2022

July 27, 2022

August 10, 2022

107,675

0.2250

*

August 15, 2022

August 15, 2022

138

*

Total 2022

$

325,533

*

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.