American Capital Declares Dividend of $0.45 Per Share for the First Quarter of 2000; Dividend Increases 9.8% Over First Quarter 1999.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Jan. 27, 2000 American Capital (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ) announced today that its Board of Directors has declared a dividend on its common stock of $0.45 per share payable on March 31, 2000, to shareholders of record as of March 15, 2000. American Capital provides the estimated tax Federal and state tax laws require a quarterly payment of estimated taxes due from corporations, trusts, estates, non-wage employees, and wage employees with income not subject to withholding. characteristics of its dividend on a quarterly basis and those estimates are subject to recharacterization. The current dividend of $0.45 per share is estimated to be a distribution of ordinary income. The actual tax characteristics will be reported to each shareholder on a Form 1099. As indicated in the table below, in 1999, American Capital paid four quarterly dividends, plus an extra dividend, totaling $1.74 per share. In 1998, dividends totaled $1.34 per share.
2000 1999 1998
----------------------------------------
1st Quarter $0.45 $ 0.41 $0.25
2nd Quarter $ 0.43 $0.29
3rd Quarter $ 0.43 $0.32
4th Quarter $ 0.44 $0.37
Extra $ 0.03 $0.11
-----------------------
Annual Dividend $ 1.74 $1.34
For more information on our dividends, visit our shareholder website at: http://www.acas1.com/Divid/dividends.html. American Capital is a publicly traded buyout and specialty finance company with capital resources exceeding $460 million. Capital.com, a portfolio company of American Capital, provides receivable and inventory financing Inventory financing Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan. , machinery and equipment loans and leasing, real estate and construction financing, subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. and financing for growth, acquisition, buyouts, ESOPs, Internet development, liquidity and restructurings. Capital.com offers owners and managers access to information and analysis previously available primarily through painstaking research and expensive intermediaries. The site enables users to learn about corporate finance, value their company, build financial models, develop financing memoranda, locate experienced financial professionals and, most critically, source the capital they need, when they need it. Companies interested in learning more about American Capital and our flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at (781) 862-4447, or visit our website at www.Capital.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion