SHAREHOLDER UPDATES
2009 Annual Meeting of Shareholders
AMERICAN CAPITAL NEWS
American Capital Provides Additional Information on Dividend
American Capital Declares $1.07 Dividend Per Share
NEWSLETTER
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INVESTOR RELATIONS
Dividends
Unique Corporate Structure
American Capital operates to qualify to be taxed as a RIC under the Internal Revenue Code. Generally, a RIC is entitled to deduct dividends it pays to its shareholders from its income to determine "taxable income." The Company has distributed and currently intends to distribute sufficient dividends to eliminate taxable income.
Dividends
American Capital has paid or declared $29.25 in dividends per share since our IPO in August 1997. American Capital intends to declare by June 15, 2009 and pay by September 30, 2009 $300MM of dividends to eliminate all of its 2008 remaining rollover taxable income in order to meet its RIC requirement and avoid any income tax liability. A recent IRS ruling temporarily permits up to 90% of dividends to be paid in stock. American Capital’s Board of Directors will make a decision on the allocation of the dividend between cash and stock which will be announced at the time of declaration.
| AMERICAN CAPITAL DIVIDEND HISTORY $29.25 Paid or Declared Since August 1997 IPO at $15.00 Per Share | |||||
| Year/Quarter | Ex-Dividend Date |
Record Date |
Payment Date | $ Dividend Per Share | % Change Over Prior Year/Quarter |
Total 1997 to Q2 09 Paid |
$29.25 | ||||
| Q2 09 | $0.00 | ||||
| Q1 09 | $0.00 | ||||
| 2008 | $3.09 | -17% | |||
| Q4 08 | $0.00 | ||||
| Q3 08 | 10/02/08 | 10/06/08 | 10/14/08 | $1.05 | 14% |
| Q2 08 | 06/11/08 | 06/13/08 | 07/01/08 | $1.03 | 13% |
| Q1 08 | 03/05/08 | 03/07/08 | 04/01/08 | $1.01 | 13% |
| 2007 | $3.72 | 12% | |||
| Q4 07 | 12/05/07 | 12/07/07 | 01/16/08 | $1.00 | 14% |
| Q3 07 | 09/05/07 | 09/07/07 | 10/01/07 | $0.92 | 11% |
| Q2 07 | 06/07/07 | 06/11/07 | 07/02/07 | $0.91 | 11% |
| Q1 07 | 02/28/07 | 03/02/07 | 04/02/07 | $0.89 | 11% |
| 2006 | $3.33 | 8% | |||
| Q4 06 | 12/04/06 | 12/06/06 | 01/18/07 | $0.88 | 11% |
| Q3 06 | 09/01/06 | 09/06/06 | 10/02/06 | $0.83 | 6% |
| Q2 06 | 05/25/06 | 05/30/06 | 07/05/06 | $0.82 | 9% |
| Q1 06 | 02/24/06 | 02/28/06 | 04/03/06 | $0.80 | 10% |
| 2005 | $3.08 | 6% | |||
| Add'l | 12/29/05 | 12/30/05 | 01/18/06 | $0.03 | N/A |
| Q4 05 | 12/05/05 | 12/07/05 | 12/29/05 | $0.79 | 8% |
| Q3 05 | 08/24/05 | 08/26/05 | 10/03/05 | $0.78 | 8% |
| Q2 05 | 05/12/05 | 05/16/05 | 07/01/05 | $0.75 | 7% |
| Q1 05 | 02/23/05 | 02/25/05 | 04/01/05 | $0.73 | 4% |
| 2004 | $2.91 | 4% | |||
| Add'l | 12/29/04 | 12/31/04 | 01/18/05 | $0.06 | N/A |
| Q4 04 | 11/10/04 | 11/15/04 | 12/30/04 | $0.73 | 6% |
| Q3 04 | 08/12/04 | 08/16/04 | 10/01/04 | $0.72 | 4% |
| Q2 04 | 05/14/04 | 05/18/04 | 07/01/04 | $0.70 | 3% |
| Q1 04 | 02/20/04 | 02/24/04 | 03/31/04 | $0.70 | 4% |
| 2003 | $2.79 | 9% | |||
| Add'l | 12/29/03 | 12/31/03 | 01/12/04 | $0.06 | N/A |
| Q4 03 | 12/12/03 | 12/16/03 | 12/30/03 | $0.69 | 3% |
| Q3 03 | 09/16/03 | 09/18/03 | 10/01/03 | $0.69 | 5% |
| Q2 03 | 06/10/03 | 06/12/03 | 06/30/03 | $0.68 | 8% |
| Q1 03 | 03/10/03 | 03/12/03 | 03/31/03 | $0.67 | 14% |
| 2002 | $2.57 | 12% | |||
| Add'l | 12/27/02 | 12/31/02 | 01/10/03 | $0.02 | N/A |
| Q4 02 | 12/10/02 | 12/12/02 | 12/31/02 | $0.67 | 18% |
| Q3 02 | 09/10/02 | 09/12/02 | 10/01/02 | $0.66 | 18% |
| Q2 02 | 06/10/02 | 06/12/02 | 06/28/02 | $0.63 | 15% |
| Q1 02 | 03/13/02 | 03/15/02 | 03/29/02 | $0.59 | 11% |
| 2001 | $2.30 | 6% | |||
| Add'l | 12/27/01 | 12/31/01 | 01/11/02 | $0.09 | N/A |
| Q4 01 | 12/10/01 | 12/12/01 | 12/31/01 | $0.57 | 10% |
| Q3 01 | 09/10/01 | 09/12/01 | 10/01/01 | $0.56 | 14% |
| Q2 01 | 05/30/01 | 06/01/01 | 06/29/01 | $0.55 | 12% |
| Q1 01 | 03/13/01 | 03/15/01 | 03/30/01 | $0.53 | 18% |
| 2000 | $2.17 | 25% | |||
| Add'l | 12/27/00 | 12/29/00 | 01/16/01 | $0.22 | N/A |
| Q4 00 | 12/08/00 | 12/12/00 | 12/28/00 | $0.52 | 18% |
| Q3 00 | 09/13/00 | 09/15/00 | 10/02/00 | $0.49 | 14% |
| Q2 00 | 05/15/00 | 05/17/00 | 06/30/00 | $0.49 | 14% |
| Q1 00 | 03/13/00 | 03/15/00 | 03/31/00 | $0.45 | 10% |
| 1999 | $1.74 | 30% | |||
| Add'l | 12/28/99 | 12/30/99 | 01/11/00 | $0.03 | N/A |
| Q4 99 | 12/13/99 | 12/15/99 | 12/31/99 | $0.44 | 19% |
| Q3 99 | 08/19/99 | 08/23/99 | 10/01/99 | $0.43 | 34% |
| Q2 99 | 06/17/99 | 06/21/99 | 06/30/99 | $0.43 | 48% |
| Q1 99 | 03/22/99 | 03/24/99 | 03/31/99 | $0.41 | 64% |
| 1998 | $1.34 | N/A | |||
| Add'l | 12/29/98 | 12/31/98 | 01/26/99 | $0.11 | N/A |
| Q4 98 | 12/17/98 | 12/21/98 | 12/31/98 | $0.37 | 76% |
| Q3 98 | 09/16/98 | 09/18/98 | 09/30/98 | $0.32 | N/A |
| Q2 98 | 06/19/98 | 06/23/98 | 06/30/98 | $0.29 | N/A |
| Q1 98 | 03/13/98 | 03/17/98 | 03/31/98 | $0.25 | N/A |
| Q4 97 | 12/15/97 | 12/17/97 | 12/31/97 | $0.21 | N/A |