ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

Alamo Group Inc. (NYSE: ALG) has announced a quarterly dividend declaration. The company's Board of Directors has approved a dividend of $0.26 per share. This dividend will be paid on October 28, 2024, to shareholders who are on record at the close of business on October 15, 2024. The announcement, made on October 2, 2024, from Seguin, Texas, represents a regular quarterly dividend payment for the company.

Positive

• Regular dividend payment indicates financial stability
• Consistent shareholder returns through dividend distribution

Negative

• None.

SEGUIN, Texas, Oct. 2, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.26 per share. Payment will be made on October 28, 2024, to shareholders of record at the close of business on October 15, 2024.

About Alamo Group

Alamo Group is a leader in the design, manufacture, distribution and service of high-quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 4,050 employees and operates 29 plants in North America, Europe, Australia and Brazil as of June 30, 2024. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.

Forward Looking Statements

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, unanticipated acquisition results, increasing costs due to inflation, disease outbreaks, geopolitical risks, including effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.

View original content:https://www.prnewswire.com/news-releases/alamo-group-inc-declares-regular-quarterly-dividend-302265845.html

SOURCE Alamo Group Inc.

FAQ

What is the amount of Alamo Group's quarterly dividend for 2024?

Alamo Group Inc. (ALG) has declared a quarterly dividend of $0.26 per share for 2024.

When is the payment date for Alamo Group's latest dividend?

The payment date for Alamo Group's latest dividend is October 28, 2024.

What is the record date for Alamo Group's Q4 2024 dividend?

The record date for Alamo Group's Q4 2024 dividend is October 15, 2024, at the close of business.

How often does Alamo Group (ALG) pay dividends?

Based on the press release, Alamo Group Inc. (ALG) pays dividends quarterly.