Alamo Group Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

On July 1, 2021, Alamo Group announced a quarterly cash dividend of $0.14 per share, payable on July 28, 2021. Shareholders of record will be those on record by the close of business on July 15, 2021. Alamo Group specializes in infrastructure maintenance and agricultural equipment, operating 27 plants worldwide with approximately 4,075 employees. The forward-looking statements highlight potential risks including market demand fluctuations, COVID-19 impacts, and supply chain disruptions that may affect future financial performance.

Positive

• Declared quarterly cash dividend of $0.14 per share, demonstrating commitment to returning value to shareholders.

Negative

• Potential market demand fluctuations could affect future sales and profitability.
• Risks from COVID-19 may lead to operational disruptions and supply chain challenges.

SEGUIN, Texas, July 1, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly cash dividend of $0.14 per share, payable July 28, 2021 to shareholders of record at the close of business on July 15, 2021.

About Alamo Group

Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 4,075 employees and operates 27 plants in North America, Europe, Australia and Brazil as of March 31, 2021.  The corporate offices of Alamo Group Inc. are located in Seguin, Texas.

Forward Looking Statements

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: overall market demand, continuing impacts from the COVID-19 pandemic including more significant supply chain disruptions, reductions in customer demand, sales and profitability declines, operational disruptions, full or partial facility closures, and other similar impacts, inflation, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports.  The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.

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SOURCE Alamo Group Inc.

FAQ

What is the dividend amount declared by Alamo Group for Q2 2021?

Alamo Group declared a quarterly cash dividend of $0.14 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 28, 2021.

When is the record date for the Alamo Group dividend?

The record date for the dividend is July 15, 2021.

What potential risks could affect Alamo Group's financial performance?

Risks include market demand fluctuations, COVID-19 impacts, and supply chain disruptions.