Alta Equipment Group Announces Common Stock Dividend
Rhea-AI Summary
Alta Equipment Group (NYSE: ALTG) has announced a quarterly dividend on its common stock. The Board of Directors approved a dividend of $0.057 per share, payable on August 30, 2024, to shareholders of record at the close of business on August 15, 2024. Alta Equipment Group is a leading provider of premium material handling, construction, and environmental processing equipment, along with related services.
Positive
- Consistent dividend payment indicates financial stability
- Dividend provides income for shareholders
Negative
- None.
News Market Reaction
On the day this news was published, ALTG declined 10.58%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LIVONIA, Mich., Aug. 02, 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 common 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
FAQ
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