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 November 1, 2022. Shareholders on record as of the close of business on October 18, 2022 will receive this dividend. Founded in 1969, Alamo Group is a leader in the design and manufacture of equipment for vegetation management and infrastructure maintenance, with a workforce of approximately 4,275 and operations in North America, Europe, Australia, and Brazil.

Positive

• Quarterly cash dividend of $0.18 per share declared, showing confidence in shareholder returns.

Negative

• Potential risks from supply chain disruptions due to COVID-19 may affect operational performance.
• Geopolitical risks, such as the impact of the Ukraine war, could negatively influence market demand.

SEGUIN, Texas, Oct. 3, 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 November 1, 2022 to shareholders of record at the close of business on October 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 4,275 employees and operates 29 plants in North America, Europe, Australia and Brazil as of June 30, 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-301639449.html

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 November 1, 2022.

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

The record date for the dividend payment is October 18, 2022.

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

The risks include supply chain disruptions from COVID-19, geopolitical issues, and market demand fluctuations.