Alta Equipment Group Announces Preferred Stock Dividend
Alta Equipment Group (NYSE: ALTG) has announced a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock.
Sentiment and the balance of points
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Rhea-AI Summary
Alta Equipment Group (NYSE: ALTG) has announced a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per preferred share, which translates to $0.625 per Depositary Share representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend will be paid on October 31, 2024, to shareholders of record as of the close of business on October 15, 2024.
Alta Equipment Group is a leading provider of premium material handling, construction, and environmental processing equipment, along with related services. This dividend announcement demonstrates the company's commitment to providing returns to its preferred shareholders.
Positive
- Consistent dividend payment to preferred shareholders
- Demonstrates financial stability and shareholder value focus
Negative
- None.
Details
News Market Reaction – ALTG
The recorded move for ALTG in the trading session of this news was -0.16%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LIVONIA, Mich., Oct. 03, 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 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 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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