ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

Alamo Group Inc. has declared a quarterly cash dividend of $0.18 per share, to be paid on August 1, 2022, to shareholders of record as of July 18, 2022. The company designs and manufactures equipment for vegetation management and infrastructure maintenance, operating 29 plants globally, with approximately 4,300 employees. Founded in 1969, Alamo Group continues to face challenges from COVID-19, supply chain issues, and geopolitical risks that could affect future performance.

Positive

• Quarterly cash dividend of $0.18 per share announced.
• Company stability indicated by regular dividend payments.
• Operations supported by a global workforce of approximately 4,300 employees.

Negative

• Potential impacts from continuing COVID-19 pandemic could disrupt operations.
• Risks from geopolitical factors, including the war in Ukraine.
• Ongoing supply chain disruptions may affect demand and profitability.

SEGUIN, Texas, July 1, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly cash dividend of $0.18 per share, payable Aug 1, 2022 to shareholders of record at the close of business on July 18, 2022.

About Alamo Group

Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for vegetation management, infrastructure maintenance 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 4,300 employees and operates 29 plants in North America, Europe, Australia and Brazil as of March 31, 2022.  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, geopolitical risks, including effects of the war in Ukraine, 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 (ALG)?

Alamo Group has declared a quarterly cash dividend of $0.18 per share.

When will Alamo Group's dividend be paid?

The dividend will be paid on August 1, 2022.

What is the record date for Alamo Group's dividend?

The record date for the dividend is July 18, 2022.

How does Alamo Group's dividend impact investors?

The declared dividend indicates the company's commitment to returning value to shareholders.

What risks could affect Alamo Group's future performance?

Risks include supply chain disruptions, COVID-19 impacts, and geopolitical risks.