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Alta Equipment Group Announces Common Stock Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Alta Equipment Group Inc. (NYSE: ALTG) has declared a quarterly dividend of $0.057 per share, payable on February 28, 2023, to shareholders of record as of February 15, 2023. The company, a prominent provider of material handling and construction equipment, operates over 70 locations across several states, offering a wide range of specialized equipment and services. This dividend reflects Alta's ongoing commitment to returning value to its shareholders, underpinning its position in the equipment dealership market.
Positive
Quarterly dividend of $0.057 per share reflects commitment to shareholder value.
Operates over 70 locations, demonstrating a significant market presence.
Negative
None.
LIVONIA, Mich.--(BUSINESS WIRE)--
Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is February 28, 2023, to shareholders of record at the close of business on February 15, 2023.
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other material handling and construction equipment. Alta has operated as an equipment dealership for 38 years and has developed a branch network that includes over 70 total locations across Michigan, Illinois, Indiana, New England, New York, Virginia, Florida, Ohio, Nevada, Ontario, and Quebec. Alta offers its customers a one-stop-shop for their equipment needs through its broad, industry-leading product portfolio. More information can be found at www.altaequipment.com.
