Alta Equipment Group Announces Preferred Stock Dividend
Rhea-AI Summary
Alta Equipment Group (NYSE: ALTG) announced its Board approved a quarterly dividend on the Series A Cumulative Perpetual Preferred Stock of $625 per preferred share. That payment equates to a dividend of $0.625 for each outstanding Depositary Share representing a 1/1000th fractional interest in one share of Series A Preferred. The payment date is January 30, 2026, to shareholders of record at the close of business on January 15, 2026.
Positive
- Board approved quarterly preferred dividend of $625 per preferred share
- Dividend equals $0.625 per Depositary Share (1/1000th interest)
- Dividend payment date set for January 30, 2026 with record date January 15, 2026
Negative
- None.
News Market Reaction
On the day this news was published, ALTG gained 8.38%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.6% during that session. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $14M to the company's valuation, bringing the market cap to $183M at that time.
Data tracked by StockTitan Argus on the day of publication.
LIVONIA, Mich., Jan. 05, 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
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
Media:
Glenn Moore
Alta Equipment Group Inc.
glenn.moore@altg.com
(248) 305-2134
FAQ
What dividend did Alta Equipment Group (ALTG) declare on January 5, 2026?
When will the ALTG preferred dividend be paid and who is eligible?
How many Depositary Shares equal one Series A preferred share for ALTG?
How much will shareholders receive per Depositary Share for the ALTG Series A dividend?
Which Alta stock symbol pays the announced preferred dividend?
