Alamo Group Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Alamo Group has declared a quarterly cash dividend of $0.14 per share, scheduled for payment on April 29, 2021. Shareholders of record as of April 15, 2021 will receive this dividend. The company, which specializes in manufacturing and servicing equipment for infrastructure maintenance and agriculture, has approximately 3,990 employees and operates 27 plants across multiple regions, including North America and Europe. Alamo Group emphasizes its commitment to maintaining high-quality production despite challenges posed by the ongoing COVID-19 pandemic.

Positive

• Declared a quarterly cash dividend of $0.14 per share, signaling financial stability and shareholder return.
• The company has a diverse range of products and a strong operational presence with 27 plants worldwide.

Negative

• Potential impacts from the COVID-19 pandemic could disrupt operations and affect demand.
• Risks associated with supply chain disruptions may lead to future revenue declines.

SEGUIN, Texas, April 1, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly cash dividend of $0.14 per share, payable April 29, 2021 to shareholders of record at the close of business on April 15, 2021.

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 3,990 employees and operates 27 plants in North America, Europe, Australia and Brazil as of December 31, 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.

View original content:http://www.prnewswire.com/news-releases/alamo-group-inc-declares-regular-quarterly-dividend-301260965.html

SOURCE Alamo Group Inc.

FAQ

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

Alamo Group declared a quarterly cash dividend of $0.14 per share.

When will the dividend be paid to shareholders of Alamo Group (ALG)?

The dividend will be payable on April 29, 2021.

What is the record date for Alamo Group's (ALG) dividend payment?

The record date for the dividend payment is April 15, 2021.

How many plants does Alamo Group (ALG) operate?

Alamo Group operates 27 plants worldwide.

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

Risks include COVID-19 impacts, supply chain disruptions, and market demand fluctuations.