Alamo Group Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Alamo Group Inc. (NYSE: ALG) declared a quarterly cash dividend of $0.14 per share, payable on October 28, 2021, to shareholders on record as of October 15, 2021. The company specializes in high-quality equipment for infrastructure maintenance and agriculture, operating 27 plants across North America, Europe, Australia, and Brazil with around 4,070 employees. The announcement highlights the company's ongoing commitment to returning value to shareholders despite potential risks, including market demand fluctuations and supply chain disruptions due to the COVID-19 pandemic.

Positive

• Quarterly cash dividend of $0.14 per share announced.
• Dividend payment reflects company's commitment to shareholder value.

Negative

• Risks related to market demand fluctuations.
• Ongoing impacts from COVID-19 could disrupt operations.

SEGUIN, Texas, Oct. 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 October 28, 2021 to shareholders of record at the close of business on October 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 4,070 employees and operates 27 plants in North America, Europe, Australia and Brazil as of June 30, 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, reductions in customer demand, sales and profitability declines, operational disruptions, full or partial facility closures, and other similar impacts, 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.

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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 ALG?

The dividend will be paid on October 28, 2021.

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

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

How often does Alamo Group pay dividends?

Alamo Group typically pays dividends quarterly.

What are the risks associated with Alamo Group's performance?

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