BETHESDA, Md., Aug. 12 /PRNewswire/ -- American Capital (Nasdaq:ACAS), today announced its Board of Directors has declared a third quarter 1999 dividend of $0.43 per share, payable on October 1, 1999 to record holders as of August 23, 1999. This is a 34% increase over the dividend for the third quarter of 1998.
A summary of American Capital's dividend history follows. Click here for further dividend history. American Capital offers a Dividend Reinvestment Plan (DRIP). For more information regarding this Plan, please visit http://www.ACAS1.com/Divid/reinvest.html or call its Shareholder Relations Department at 301-951-6122.
American Capital's Dividend History
Year Quarter Dividend Amount
1999 3Q $0.43
1999 2Q $0.43
1999 1Q $0.41
1998 Bonus Dividend $0.11
1998 4Q $0.37
1998 3Q $0.32
1998 2Q $0.29
1998 1Q $0.25
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 $0.43 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.
American Capital is a buyout and specialty finance company with capital resources exceeding $360 million. American Capital invests in senior debt, subordinated debt and equity in middle market companies in need of capital for growth, acquisitions, ESOP buyouts, management buyouts, liquidity and restructurings.
American Capital operates six Web sites including www.AmericanCapitalOnline.com, www.American-Capital.com, http://www.Finance-Company.com, www.Buyouts.com, www.ESOPs.com, www.CorporateValuations.com and its shareholder site, www.ACASOnline.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.
