Alta Equipment Group Announces Preferred Stock Dividend

Rhea-AI Summary

Alta Equipment Group Inc. (NYSE: ALTG) announced a quarterly dividend of $0.625 per share on its Series A Cumulative Perpetual Preferred Stock. The dividend will be paid to shareholders of record as of July 15, 2021, with a payment date set for August 2, 2021. Alta operates a significant equipment dealership platform across several U.S. states and offers a diverse range of material handling and construction equipment.

Positive

• Quarterly dividend of $0.625 per preferred share highlights company commitment to shareholder returns.
• Well-established dealership network with 55 locations indicates strong market presence.

Negative

• None.

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 Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is August 2, 2021, to shareholders of record at the close of business on July 15, 2021.

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 36 years and has developed a branch network that includes 55 total locations across Michigan, Illinois, Indiana, New England, New York, Virginia and Florida. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210702005049/en/

FAQ

What is the dividend amount for Alta Equipment Group (ALTG)?

The dividend amount is $0.625 per preferred share.

When is the dividend payment date for ALTG?

The dividend payment date is August 2, 2021.

Who are the shareholders eligible for the ALTG dividend?

Shareholders of record at the close of business on July 15, 2021, are eligible.