ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

Alamo Group Inc. (NYSE: ALG) has declared a quarterly dividend of $0.22 per share, scheduled for payment on May 1, 2023. Shareholders of record at the close of business on April 17, 2023 will receive this dividend. Founded in 1969, Alamo Group specializes in manufacturing equipment for vegetation management and infrastructure maintenance, with a workforce of approximately 4,200 employees across 28 plants in North America, Europe, Australia, and Brazil as of December 31, 2022.

Positive

• Quarterly dividend of $0.22 per share enhances shareholder income.
• Company maintains a commitment to returning value to shareholders.

Negative

• Potential risks from market demand fluctuations and ongoing supply chain issues.
• Impact from geopolitical tensions and inflation could affect future profitability.

SEGUIN, Texas, April 3, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.22 per share.  Payment will be made on May 1, 2023 to shareholders of record at the close of business on April 17, 2023.

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 4,200 employees and operates 28 plants in North America, Europe, Australia and Brazil as of December 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.

View original content:https://www.prnewswire.com/news-releases/alamo-group-inc-declares-regular-quarterly-dividend-301788774.html

SOURCE Alamo Group Inc.

FAQ

What is the dividend amount declared by Alamo Group Inc. (ALG)?

Alamo Group Inc. has declared a dividend of $0.22 per share.

When will the dividend for Alamo Group (ALG) be paid?

The dividend will be paid on May 1, 2023.

Who is eligible to receive the dividend from Alamo Group (ALG)?

Shareholders of record at the close of business on April 17, 2023, are eligible.

What are the risks mentioned in the Alamo Group (ALG) press release?

The risks include market demand fluctuations, supply chain disruptions, geopolitical risks, and inflation.