ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

Alamo Group Inc. (NYSE: ALG) has declared a quarterly cash dividend of $0.18 per share, payable on May 2, 2022, to shareholders on record as of April 18, 2022. This dividend reflects the company’s commitment to rewarding its shareholders. Alamo Group specializes in high-quality equipment for infrastructure maintenance, agriculture, and related fields, with operations in North America, Europe, Australia, and Brazil. The company has approximately 4,200 employees and operates 29 plants as of December 31, 2021.

Positive

• Declared a quarterly cash dividend of $0.18 per share, indicating a commitment to shareholder returns.

Negative

• Potential risks include supply chain disruptions and reduced customer demand due to continuing impacts from COVID-19.
• Competition may affect future sales and profitability.

SEGUIN, Texas, April 4, 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 May 2, 2022 to shareholders of record at the close of business on April 18, 2022.

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 4,200 employees and operates 29 plants in North America, Europe, Australia and Brazil as of December 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, 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

When is the dividend payment date for Alamo Group Inc. (ALG)?

The dividend payment date is May 2, 2022.

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

The declared dividend amount is $0.18 per share.

What is the record date for the dividend for Alamo Group Inc. (ALG)?

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

What are the potential risks mentioned in the press release for Alamo Group Inc. (ALG)?

The potential risks include supply chain disruptions, reduced customer demand, and competition.

How many employees does Alamo Group Inc. (ALG) have?

Alamo Group has approximately 4,200 employees.