ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

Alamo Group announced a regular quarterly dividend of $0.26 per share. The dividend is set for payment on July 29, 2024. Shareholders on record by the close of business on July 16, 2024, will receive the dividend. The announcement reflects Alamo Group's ongoing commitment to return value to its shareholders.

Positive

• Quarterly dividend payment of $0.26 per share scheduled for July 29, 2024.
• Shareholders of record by July 16, 2024, will receive the dividend.
• Demonstrates ongoing commitment to return value to shareholders.

Negative

• None.

SEGUIN, Texas, July 1, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.26 per share. Payment will be made on July 29, 2024, to shareholders of record at the close of business on July 16, 2024.

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 4,350 employees and operates 29 plants in North America, Europe, Australia and Brazil as of March 31, 2024.  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: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, unanticipated acquisition results, increasing costs due to inflation, disease outbreaks, geopolitical risks, including effects of the war in the Ukraine and the Middle East, 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 (ALG) for July 2024?

Alamo Group (ALG) declared a quarterly dividend of $0.26 per share for July 2024.

When will Alamo Group (ALG) pay the declared dividend?

Alamo Group (ALG) will pay the declared dividend on July 29, 2024.

What is the record date for Alamo Group’s (ALG) quarterly dividend?

The record date for Alamo Group’s (ALG) quarterly dividend is July 16, 2024.

How often does Alamo Group (ALG) pay dividends?

Alamo Group (ALG) pays dividends quarterly.

What does the regular quarterly dividend declaration by Alamo Group (ALG) signify?

The regular quarterly dividend declaration by Alamo Group (ALG) signifies the company's commitment to returning value to its shareholders.