Cash Distributions and Dividends

12 Months Ended

Dec. 31, 2019

(13) Cash Distributions and Dividends

The following table details the amount of distributions and dividends paid with respect to the quarter indicated (in thousands, except per share data):


					Antero		Distributions/
Quarter			Distributions/		Resources		Dividends
and Year	Record Date	Distribution Date	Dividends		Investment		per share
*	May 9, 2017	September 13, 2017	$	—		15,908		*
Q2 2017	August 3, 2017	August 23, 2017		5,026		—	$	0.027
Q3 2017	November 1, 2017	November 23, 2017		10,985		—	$	0.059
	Total 2017		$	16,011		15,908

Q4 2017	February 1, 2018	February 20, 2018	$	13,964		—	$	0.075
Q1 2018	May 3, 2018	May 23, 2018		20,109		—	$	0.108
Q2 2018	August 2, 2018	August 22, 2018		23,276		—	$	0.125
Q3 2018	November 2, 2018	November 21, 2018		26,817		—	$	0.144
	Total 2018		$	84,166		—

Q4 2018	February 1, 2019	February 21, 2019	$	30,543		—	$	0.164
Q1 2019	April 26, 2019	May 8, 2019		152,082		—	$	0.3025
Q1 2019	May 15, 2019	May 15, 2019		98		—		**
Q2 2019	July 26, 2019	August 7, 2019		154,146		—	$	0.3075
Q2 2019	August 14, 2019	September 18, 2019		138		—		**
Q3 2019	November 1, 2019	November 13, 2019		153,033		—	$	0.3075
Q3 2019	November 14, 2019	November 14, 2019		138		—		**
***	December 31, 2019	December 31, 2019		2,299		—		***
	Total 2019		$	492,477		—

*	Income relating to periods prior to May 9, 2017, the closing of our IPO, was distributed to Antero Investment prior to its liquidation.

**	Dividends are paid in accordance with the terms of the Series A Preferred Stock as discussed in Note 14—Equity and Earnings Per Common Share.

***	Distributions declared on unvested Series B Units prior to the closing date of the Transactions that were paid upon the vesting date to the holders of the Exchanged B Units.

On January 15, 2020, the Board declared a cash dividend on the shares of AMC common stock of $0.3075 per share for the quarter ended December 31, 2019. The dividend will be payable on February 12, 2020 to stockholders of record as of January 31, 2020. The Company pays dividends (1) out of surplus or (2) if there is no surplus, out of the net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year, as provided under Delaware law.

The Board also declared a cash dividend of $138 thousand on the shares of Series A Preferred Stock of Antero Midstream Corporation to be paid on February 14, 2020 in accordance with the terms of the Series A Preferred Stock, which are discussed in Note 14—Equity and Earnings Per Common Share. As of December 31, 2019, there were dividends in the amount of $69 thousand accumulated in arrears on the Company’s Series A Preferred Stock.