Benzinga | Jan 14, 2022 09:47AM EST

Tuesday Is Your Last Chance To Buy Atlas Before The Dividend Payout

Tuesday marks the last chance for investors to receive the next dividend payout from Atlas.

What's Happening

(NYSE:ATCO) announced on Thursday that it would pay shareholders a quarterly dividend of $0.125 per share. On Wednesday, Atlas will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.125 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Wednesday. Shareholders who own ATCO as of the end of Tuesday's session are eligible to receive the $0.125 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 31, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.