Alta Equipment Group Announces Preferred Stock Dividend

Rhea-AI Summary

Alta Equipment Group Inc. (NYSE: ALTG) has announced a quarterly dividend of $0.625 per share on its Series A Cumulative Perpetual Preferred Stock. This payment will be made on May 1, 2023, to shareholders of record at the close of business on April 15, 2023. Alta operates a leading equipment dealership platform in the U.S. and Canada, offering a wide range of material handling and construction equipment.

Positive

• Quarterly dividend of $0.625 per preferred share enhances income for shareholders.
• Demonstrates company confidence in its financial stability.

Negative

• None.

LIVONIA, Mich., April 04, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), 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 $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 May 1, 2023, to shareholders of record at the close of business on April 15, 2023.

About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. and have a presence in Canada. 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, environmental processing 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, Nevada, Florida and Ohio as well as 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.altaequipment.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

FAQ

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

The dividend amount is $0.625 per preferred share.

When is the dividend payment date for ALTG?

The dividend payment date is May 1, 2023.

Who is eligible to receive the dividend payment for ALTG?

Shareholders of record at the close of business on April 15, 2023, are eligible.

How often does Alta Equipment Group Inc. pay dividends?

Alta Equipment Group Inc. pays dividends quarterly.