Alamo Group Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Alamo Group (NYSE: ALG) has declared a quarterly cash dividend of $0.13 per share. This dividend is payable on October 28, 2020, to shareholders of record as of October 15, 2020. The company, established in 1969, specializes in manufacturing high-quality equipment for infrastructure maintenance and agriculture. Alamo Group operates 30 plants across North America, Europe, Australia, and Brazil, employing approximately 4,070 people as of June 30, 2020.

Positive

• Quarterly dividend declared at $0.13 per share, reflecting company confidence in cash flow stability.

Negative

• Potential impacts from COVID-19, including supply chain disruptions and reduced demand affecting profitability.

SEGUIN, Texas, Oct. 1, 2020 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly cash dividend of $0.13 per share, payable October 28, 2020, to shareholders of record at the close of business on October 15, 2020 

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 4,070 employees and operates 30 plants in North America, Europe, Australia and Brazil as of June 30, 2020.  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, further reductions in customer demand, sales and profitability declines, operational disruptions, full or partial facility closures, and other similar impacts, 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 dividend of $0.13 per share.

When will Alamo Group's dividend be paid?

The dividend will be paid on October 28, 2020.

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

The record date for the dividend is October 15, 2020.

How many employees does Alamo Group have?

Alamo Group employs approximately 4,070 people.

Where are Alamo Group's operations located?

Alamo Group operates in North America, Europe, Australia, and Brazil.