While AMC's stock has had a great run this year, it is still far below the heights it reached in early 2017. Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide The most recent ex-dividend date was 02-09-2020. Last week, the news got even better, as AMC closed a $600 million investment from private equity firm Silver Lake Partners. AMC Dividend History. Contact Information. AMC Entertainment (NYSE:AMC) declares $0.03/share quarterly dividend, -85% decrease from prior dividend of $0.20. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Repurchases may be made at management’s discretion from time to time through open market transactions including block purchases, through privately negotiated transactions, or otherwise over the next three years in accordance with all applicable securities laws and regulations. AMC Entertainment Holdings Inc., the largest U.S. theater chain, posted a fourth-quarter loss, cut executive pay and slashed its dividend by 85%. The recently announced out-of-the-money share equivalent grant of the Company’s new Chief Financial Officer will be homogenized with the various vesting requirements for all in the senior officer corps described herein. … Why AMC Shareholders Are Getting a Huge Special Dividend Private equity firm Silver Lake buys into the largest theater chain in the world, as Dalian Wanda sells some of its stake. Is AMC Entertainment the Best Stock to Buy Today? Copyright, Trademark and Patent Information. AMC operates among the most productive theatres in the United States' top markets, having the #1 or #2 market share positions in 21 of the 25 largest metropolitan areas of the United States. This includes investing in the business, reducing leverage, and returning cash to shareholders through either dividends or share buybacks. $200 MILLION COMPANY SHARE BUYBACK AUTHORIZATION. Stock Advisor launched in February of 2002. While the Company has ample cash and liquidity currently to pay a higher dividend for the just completed quarter, the Company believes that given recent trading ranges for AMC shares, it is wiser to return cash to shareholders in the form of share repurchases. This compensation decrease will be split into thirds and applied evenly as reductions across each of three categories: one-third lowering combined cash salary & cash bonus, one-third lowering at-market restricted share equivalent grant amounts that time vest and one-third lowering at-market performance share equivalent grant amounts that vest based on performance. Initial vesting will not occur until the AMC share price recovers on a 20-day VWAP basis to $12 per share, a 102% premium to yesterday’s market close.
Investors interested in automatically receiving news and information when posted to our website can also visit www.investor.amctheatres.com to sign up for E-mail Alerts. Shareholders of AMC Entertainment (NYSE:AMC) have to be smiling. The deal seems like a positive for everyone. The transaction is positive for a few reasons, as AMC gets a vote of confidence from one of the most respected tech-focused private equity firms.
John Merriwether, 866-248-3872 After the stock fell by more than half in 2017, shares are on the rebound in 2018. Importantly, these sacrifices in lowered cash salary and cash bonus, as well as in lowered restricted share equivalent grant and performance share equivalent grant levels, will continue at the new lower totals in each of the coming three years. A large part of the reason AMC's shares tanked last year was the fear that moviegoing was being disrupted by a variety of forces such as streaming video; premium video on demand (VOD), i.e., watching movies at home the same day they hit theaters; and the MoviePass option from Helios and Matheson Analytics. AMC said it generated $0.35 per share in earnings in the quarter compared to Wall Street's estimates of just $0.08 per share. First (and most obvious), AMC will be paying common shareholders a huge $1.55-per-share special dividend (around $160 million of the $600 million in notes will go to this). The Company had approximately 52.5 million shares of Class A common stock outstanding as of February 21, 2020. InvestorRelations@amctheatres.com Through its direct and indirect subsidiaries, including American Multi-Cinema, Inc. and its subsidiaries, Co. is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres primarily located in the U.S. and Europe. When stock is worth more than its dividend Chart. AMC Dividend History & Description — AMC Entertainment Holdings Inc. AMC Entertainment Holdings is a theatrical exhibition company. rnoonan@amctheatres.com, AMC Entertainment Holdings, Inc. AMC CEO Adam Aron said, "Their tech investing expertise dovetails perfectly with our expanding use of technology at AMC in the improvement of our guest experience at our theaters.". AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with more than 1,000 theatres and more than 11,000 screens across the globe. AMC shareholders will be raking in a special dividend soon.
The current total target compensation of AMC’s participating senior officers will be immediately reduced by an amount equal to the sum of 15% of their cash salaries plus 15% of their target cash bonus opportunity. Why AMC Entertainment Stock Sank 19.9% in September. Convertible notes are debt instruments that bear low interest rates, but can be converted into common stock -- usually at a higher price and on a future date. Find the latest dividend history for AMC Entertainment Holdings, Inc. Class A Common Stock (AMC) at Nasdaq.com. This dividend was … After reviewing the company’s capital allocation strategy, the Board has determined that there is an opportunity to enhance shareholder returns by increasing the proportion of capital allocated to deleveraging and to share buybacks.
However, I think the deal is especially good for AMC shareholders. AMC AMC DIVIDEND HISTORY. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. For a detailed discussion of risks, trends and uncertainties facing AMC, see the section entitled “Risk Factors” in AMC’s reports on Forms 10-K and Form 10-Q filed with the SEC, and the risks, trends and uncertainties identified in its other public filings.
Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Image source: Getty Images. The subsequent tranches vest at $24, $28 and $32, premiums of 305%, 372%, and 440% respectively. Returns as of 10/05/2020. The dividend is payable in cash on March 23, 2020, to shareholders of record on March 9, 2020. Previous Year(s) (2019 - 2019) slider843421 Apply. All of the Company’s senior officers have signed on to this program, excepting only those who are expected to retire prior to the 3-year time vesting requirement. Based on AMC's closing price of $19.80 on the day the deal was announced, that's a huge 7.8% yield. We have every confidence that will occur and will be doing all in our power to make that happen.”. Market data powered by FactSet and Web Financial Group. About $420 million from the notes has already gone toward buying 24 million of Dalian Wanda's Class B shares (which have higher voting rights than A shares) at $17.50 per share -- a 13% discount on AMC's stock on the date it was announced. AMC Entertainment (NYSE:AMC) Dividend Information AMC Entertainment pays an annual dividend of $0.23 per share, with a dividend yield of 4.68%. AMC Entertainment Holdings, Inc. Ex-Dividend Date 03/06/2020; Dividend Yield 1.91%; Annual Dividend $ 0.12; Payout Ratio N/A % Data is … However, should Silver Lake convert all its notes into common shares, Wanda's ownership in AMC would be lowered to roughly 38% (though Wanda would still retain more voting rights). Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. At the same time, the money let AMC buy back stock owned by Dalian Wanda Group, a Chinese real estate conglomerate. In exchange, the officers reducing their pay will receive now a one-time grant of AMC share equivalents that with certain exceptions has a 3-year time vesting provision and requires that the AMC share price rise materially in order for vesting to occur.
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