Annual report pursuant to Section 13 and 15(d)

Cash Distributions and Dividends

v3.20.4
Cash Distributions and Dividends
12 Months Ended
Dec. 31, 2020
Cash Distributions and Dividends  
Cash Distributions and Dividends

(13)  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):

Distributions/

Distributions/

Dividends

Period

    

Record Date

    

Distribution Date

    

Dividends

    

per Share

Q4 2017

February 1, 2018

February 20, 2018

$

13,964

$

0.075

Q1 2018

May 3, 2018

May 23, 2018

20,109

$

0.108

Q2 2018

August 2, 2018

August 22, 2018

23,276

$

0.125

Q3 2018

November 2, 2018

November 21, 2018

26,817

$

0.144

Total 2018

$

84,166

Q4 2018

February 1, 2019

February 21, 2019

$

30,543

$

0.164

Q1 2019

April 26, 2019

May 8, 2019

152,082

$

0.3025

*

May 15, 2019

May 15, 2019

98

*

Q2 2019

July 26, 2019

August 7, 2019

154,146

$

0.3075

*

August 14, 2019

September 18, 2019

138

*

Q3 2019

November 1, 2019

November 13, 2019

153,033

$

0.3075

*

November 14, 2019

November 14, 2019

138

*

**

December 31, 2019

December 31, 2019

2,299

**

Total 2019

$

492,477

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

*

Dividends are paid in accordance with the terms of the Series A Preferred Stock as discussed in Note 14—Equity and Earnings Per Common Share.

**

Distributions declared on unvested Series B Units prior to the closing date of the Transactions that were paid upon the vesting date to the holders of the Exchanged B Units

On January 20, 2021, 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 December 31, 2020. The dividend will be payable on February 11, 2021 to stockholders of record as of February 3, 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 Corporation to be paid on February 16, 2021 in accordance with the terms of the Series A Preferred Stock, which are discussed in Note 14—Equity and Earnings Per Common Share. As of December 31, 2020, there were dividends in the amount of $69 thousand accumulated in arrears on the Company’s Series A Preferred Stock.