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Alta Equipment Group Announces Preferred 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 $625 per share on its Series A Cumulative Perpetual Preferred Stock, equating to $0.625 for each outstanding Depositary Share. The dividend will be payable on May 2, 2022, to shareholders on record as of April 15, 2022. This announcement emphasizes the company's ongoing commitment to providing shareholder returns. Alta operates a vast integrated equipment dealership platform across the U.S., specializing in various material handling and construction equipment.
Positive
Quarterly dividend of $625 per share demonstrates strong commitment to shareholders.
Continued operations across 60+ locations indicate robust 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 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 2, 2022, to shareholders of record at the close of business on April 15, 2022.
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 37 years and has developed a branch network that includes over 60 total locations across Michigan, Illinois, Indiana, Ohio, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, 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.
