Alta Equipment Group Announces Preferred Stock Dividend
Alta Equipment Group (NYSE: ALTG), a leading provider of material handling, construction, and environmental processing equipment, has announced the approval of a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock.
The dividend is set at $625 per preferred share, translating to $0.625 per Depositary Share, each representing a 1/1000th interest in a Series A Preferred share.
The dividend will be paid on July 31, 2024, to shareholders who are recorded as of July 15, 2024.
- Quarterly dividend of $625 per preferred share demonstrates financial strength and commitment to returning value to shareholders.
- Dividend of $0.625 per Depositary Share enhances investor income.
- Payment of dividends could impact cash reserves.
LIVONIA, Mich., July 03, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing 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
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through our branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, other construction equipment and allied products. Alta has operated as an equipment dealership for 40 years and has developed a branch network that includes over 85 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida and the Canadian provinces of 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.altg.com.
Contacts
Investors:
Kevin Inda
SCR Partners, LLC
kevin@scr-ir.com
(225) 772-0254
Media:
Glenn Moore
Alta Equipment
glenn.moore@altg.com
(248) 305-2134
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FAQ
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