Alta Equipment Group Announces Preferred Stock Dividend

Rhea-AI Summary

Alta Equipment Group (NYSE: ALTG) announced its Board approved a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock of $625 per preferred share. For holders of outstanding depositary shares (each representing a 1/1000th interest in a preferred share) the dividend equals $0.625 per depositary share. The dividend payment date is October 31, 2025, to shareholders of record at the close of business on October 15, 2025. The announcement applies to Series A preferred shareholders only and does not disclose aggregate payout or impact on common shareholders.

Positive

• Declared dividend of $625 per Series A preferred share
• Payment date set for October 31, 2025; record date October 15, 2025

Negative

• Dividend applies only to Series A preferred, not common shareholders

LIVONIA, Mich., Oct. 03, 2025 (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 October 31, 2025, to shareholders of record at the close of business on October 15, 2025.

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 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 Group Inc.
glenn.moore@altg.com 
(248) 305-2134

FAQ

What dividend did Alta Equipment Group (ALTG) declare on October 3, 2025 for Series A preferred?

The Board declared a quarterly dividend of $625 per Series A preferred share ($0.625 per depositary share).

When will ALTG pay the Series A preferred dividend declared October 3, 2025?

The dividend payment date is October 31, 2025.

What is the record date for Alta's Series A preferred dividend (ALTG) announced Oct 3, 2025?

The record date is the close of business on October 15, 2025.

How much is the dividend per ALTG depositary share for Series A preferred?

Each depositary share receives $0.625 (represents 1/1000th of a preferred share).

Does the Oct 3, 2025 ALTG announcement affect common shareholders' dividends?

No — the announcement covers only the Series A cumulative perpetual preferred dividend.

Which Alta shareholders are eligible for the Oct 31, 2025 dividend payment (ALTG)?

Holders of record of the Company’s Depositary Shares representing Series A preferred at close of business on October 15, 2025.