Alta Equipment Group Announces Preferred Stock Dividend

Rhea-AI Summary

Alta Equipment Group (NYSE: ALTG), a premium material handling, construction and environmental processing equipment provider, has declared its quarterly dividend for Series A Cumulative Perpetual Preferred Stock. The Board of Directors approved a dividend of $625 per preferred share, which translates to $0.625 per Depositary Share (each representing 1/1000th fractional interest in one Series A Preferred share).

The dividend will be paid on April 30, 2025, to shareholders recorded as of April 15, 2025.

Positive

• Consistent dividend payment maintained for preferred shareholders
• Cumulative nature of preferred stock ensures dividend accumulation

Negative

• None.

News Market Reaction – ALTG

-16.77%

1 alert

-16.77% News Effect

On the day this news was published, ALTG declined 16.77%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LIVONIA, Mich., April 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 April 30, 2025, to shareholders of record at the close of business on April 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 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

What is the dividend amount for ALTG Series A Preferred Stock in Q2 2025?

Alta Equipment Group approved a dividend of $625 per preferred share, or $0.625 per Depositary Share for Q2 2025.

When is the dividend payment date for ALTG preferred shareholders?

The dividend payment date is April 30, 2025, for shareholders of record as of April 15, 2025.

What is the fractional interest represented by ALTG's Depositary Shares?

Each Depositary Share represents a 1/1000th fractional interest in one share of Series A Preferred Stock.

What type of preferred stock is ALTG paying dividends on?

ALTG is paying dividends on its Series A Cumulative Perpetual Preferred Stock.