Alta Equipment Group Announces Preferred Stock Dividend

Rhea-AI Summary

Alta Equipment Group Inc. (NYSE: ALTG) has announced its first dividend of $888.89 per share on its Series A Cumulative Perpetual Preferred Stock, approved by the Board of Directors. The dividend is payable on April 30, 2021, to shareholders of record on April 15, 2021. Alta operates one of the largest integrated equipment dealership platforms in the U.S., offering a wide range of material handling and construction equipment services through its 55 locations across several states, including Michigan and Florida.

Positive

• First dividend of $888.89 per share was approved, indicating financial stability and confidence in future growth.

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• 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 first dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $888.89 per preferred share. The dividend payment date is April 30, 2021, to shareholders of record at the close of business on April 15, 2021.

About Alta Equipment Group

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.

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FAQ

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

The dividend amount for Alta Equipment Group (ALTG) is $888.89 per preferred share.

When will the dividend for ALTG be paid?

The dividend for ALTG will be paid on April 30, 2021.

What is the record date for the ALTG dividend?

The record date for the ALTG dividend is April 15, 2021.

How many locations does Alta Equipment Group operate?

Alta Equipment Group operates 55 locations across several states, including Michigan and Florida.

What services does Alta Equipment Group provide?

Alta Equipment Group provides sales, rental, parts, and service support for specialized equipment.