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Alta Equipment Group Announces Preferred Stock Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
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Tags
dividends
Rhea-AI Summary
Alta Equipment Group approves quarterly dividend on Series A Preferred Stock, amounting to $625 per preferred share. Dividend payment date is October 31, 2023.
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Alta Equipment Group approves quarterly dividend on Series A Preferred Stock, amounting to $625 per preferred share.
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None.
LIVONIA, Mich., Oct. 03, 2023 (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, 2023, to shareholders of record at the close of business on October 15, 2023.
About Alta Equipment Group Inc. Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. and have a presence in Canada. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment, environmental processing equipment and other material handling and construction equipment. Alta has operated as an equipment dealership for 39 years and has developed a branch network that includes over 75 total locations across Michigan, Illinois, Indiana, Ohio, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida as well as 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.altaequipment.com.
Contacts
Investors: Kevin Inda SCR Partners, LLC kevin@scr-ir.com (225) 772-0254
alta equipment company is a leading provider of industrial forklifts, heavy construction equipment and warehouse solutions in the midwest. our core commitment is to provide outstanding service that exceeds our customers' expectations. by investing in our people, products and facilities, we ensure our customers excellent value and consistent service. alta equipment company's wide variety of products includes forklifts, wheel loaders, excavators, pavers, and materials handling products such as pallet racking, ergonomic equipment and modular building systems. our core brands include hyster lift trucks, yale lift trucks, volvo construction equipment, combilift fork lifts, link-belt cranes, gomaco concrete pavers. to further support our customers' needs, we offer a rental fleet of more than 1,250 units, a large inventory of used equipment, flexible options for fleet maintenance, training courses for operators and technicians, and a variety of financing options .
