BETHESDA, Md., Jan. 29 /PRNewswire/ -- American Capital Strategies (Nasdaq:ACAS)announced today that its Board of Directors has declared a first quarter 1999 dividend of $0.41 per share payable on March 31, 1999 to record holders as of March 24, 1999. This dividend is a 10% increase over the previous quarter’s regular dividend of $0.37. American Capital declared $1.34 in total dividends for 1998.
A summary of American Capital’s dividends is as follows. Click here for further dividend history. American Capital offers a Dividend Reinvestment Plan (DRIP). For more information regarding this Plan, please click here or call its Shareholder Relations Department at 301-951-6122.
American Capital's Dividend History
| Year |
Quarter |
Dividend
Amount |
% Increase
Over Prior Qtr
of Regular Dividends |
| 1999 |
1Q |
$0.41 |
10% |
| 1998 |
Bonus Dividend |
$0.11 |
N/A |
| 1998 |
4Q |
$0.37 |
16% |
| 1998 |
3Q |
$0.32 |
10% |
| 1998 |
2Q |
$0.29 |
16% |
| 1998 |
1Q |
$0.25 |
19% |
| 1997 |
4Q |
$0.21 |
----- |
|
American Capital provides the estimated tax characteristics of its dividend on a quarterly basis and those estimates are subject to recharacterization. The current dividend of $0.41 is estimated to be a distribution of ordinary income. The actual tax characteristics will be reported to each shareholder on a form 1099.
American Capital is a buyout and specialty finance company with capital resources exceeding $190 million. American Capital invests $3 to $20 million in the form of senior debt, subordinated debt and equity to middle market companies in need of capital for growth, acquisitions, ESOP buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at 781-862-4447 or visit its website at www.American-Capital.com or its shareholder site at www.acas1.com.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital Strategies, Ltd. are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings and national economic trends.
