Alta Equipment Group Announces Preferred Stock Dividend

Rhea-AI Summary

Alta Equipment Group (NYSE: ALTG) declared a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock of $625 per preferred share, equivalent to $0.625 per Depositary Share (1/1000th interest).

The dividend is payable on April 30, 2026 to holders of record at the close of business on April 15, 2026.

Positive

• Declared preferred dividend of $625 per Series A preferred share
• Dividend schedule set with payment date April 30, 2026

Negative

• Near-term cash outflow due on April 30, 2026

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LIVONIA, Mich., April 03, 2026 (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 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 April 30, 2026, to shareholders of record at the close of business on April 15, 2026.

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 41 years and has developed a branch network that includes over 80 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, Maritime, 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

FAQ

What dividend did Alta Equipment Group (ALTG) declare for its Series A preferred on April 3, 2026?

The company declared a quarterly dividend of $625 per Series A preferred share. According to Alta Equipment Group, that equals $0.625 per depositary share representing a 1/1000th interest in a preferred share.

When will Alta Equipment Group (ALTG) pay the Series A preferred dividend and who is eligible?

The dividend payment date is April 30, 2026, and eligible holders are shareholders of record on April 15, 2026. According to Alta Equipment Group, payments will be made to depositary share holders representing the fractional interest.

How does the $625 Series A preferred dividend translate to the depositary shares for ALTG?

The $625 per preferred share equals $0.625 per depositary share because each depositary share represents a 1/1000th fractional interest. According to Alta Equipment Group, that fraction determines the per-depositary-share payout.

What should investors in ALTG preferred shares expect financially from the April 2026 dividend?

Investors should expect a cash distribution of $0.625 per depositary share on April 30, 2026. According to Alta Equipment Group, the record date for eligibility is the close of business on April 15, 2026.