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Alta Equipment (NYSE: ALTG) sets $0.625 dividend on preferred shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Alta Equipment Group Inc. announced that its Board of Directors has declared a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock. Because each Depositary Share represents a 1/1000th interest in one preferred share, this equals a dividend of $0.625 per Depositary Share trading under the symbol ALTG PRA on the New York Stock Exchange.

The dividend will be paid on July 31, 2026 to shareholders of record as of the close of business on July 15, 2026. This action provides cash income to holders of the company’s preferred securities while leaving the company’s common stock unaffected by this specific dividend declaration.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Preferred dividend per share $625 per preferred share Quarterly dividend on 10% Series A Cumulative Perpetual Preferred Stock
Dividend per Depositary Share $0.625 per Depositary Share Each Depositary Share represents 1/1000th of a preferred share
Dividend record date July 15, 2026 Shareholders of record on this date receive the dividend
Dividend payment date July 31, 2026 Scheduled payment date for declared preferred dividend
Depositary Share ticker ALTG PRA NYSE trading symbol for the Depositary Shares
10% Series A Cumulative Perpetual Preferred Stock financial
"approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock"
Depositary Shares financial
"This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares"
Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.
record date financial
"The dividend payment date is July 31, 2026, to shareholders of record at the close of business on July 15, 2026."
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
payment date financial
"The dividend payment date is July 31, 2026, to shareholders of record at the close of business on July 15, 2026."
The payment date is the day when you actually receive money from a financial transaction, like getting your paycheck or the interest from a savings account. It matters because it tells you when the funds will be available to spend or use. Think of it as the day your paycheck hits your bank account, so you know when you can access the money.
Cumulative Perpetual Preferred financial
"10% Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share."
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Learn about SEC filing dates
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 2, 2026

ALTA EQUIPMENT GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware

001-38864

83-2583782

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

13211 Merriman Road

Livonia, Michigan 48150

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (248) 449-6700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share

ALTG

The New York Stock Exchange

Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share

ALTG PRA

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 8.01 Other Events.

On July 2, 2026, Alta Equipment Group Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors has declared a dividend of $625 per share of its outstanding 10% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred”), with the record date for the dividend July 15, 2026 and the payment date July 31, 2026. 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 Depositary Shares trade on The New York Stock Exchange under the symbol “ALTG PRA.” The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

Description

99.1

Press Release, dated July 2, 2026, of Alta Equipment Group Inc.

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

ALTA EQUIPMENT GROUP INC.

 

 

Dated: July 2, 2026

By:

/s/ Ryan Greenawalt

 

 

Name: Ryan Greenawalt

 

 

Title: Chief Executive Officer


img202994375_0.gif

Exhibit 99.1

Alta Equipment Group Announces Preferred Stock Dividend

 

LIVONIA, Mich. – July 2, 2026 – 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 July 31, 2026, to shareholders of record at the close of business on July 15, 2026.

 

About Alta Equipment Group Inc.

Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through its 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 42 years and has 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, New Brunswick, 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

 

 

1


FAQ

What dividend did Alta Equipment Group (ALTG) declare on its preferred stock?

Alta Equipment Group declared a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock. This corresponds to $0.625 per Depositary Share, since each Depositary Share represents a 1/1000th interest in a preferred share.

What is the record date for Alta Equipment Group’s July 2026 preferred dividend?

The record date for Alta Equipment Group’s preferred dividend is July 15, 2026. Shareholders who own Depositary Shares at the close of business that day will be entitled to receive the $0.625 per Depositary Share dividend.

When will Alta Equipment Group pay the July 2026 preferred dividend?

Alta Equipment Group will pay the preferred dividend on July 31, 2026. Holders of the Series A Depositary Shares of record on July 15, 2026 will receive $0.625 per Depositary Share on that payment date.

Which Alta Equipment Group securities receive the $0.625 dividend?

The Depositary Shares representing a 1/1000th interest in one share of 10% Series A Cumulative Perpetual Preferred Stock receive the $0.625 per Depositary Share dividend. These Depositary Shares trade on the NYSE under the symbol ALTG PRA.

Does this Alta Equipment Group dividend affect ALTG common stock?

The announced dividend applies only to Alta’s 10% Series A Cumulative Perpetual Preferred Stock and related Depositary Shares. The filing does not declare or discuss any dividend on ALTG common stock, focusing solely on the preferred security.

Filing Exhibits & Attachments

2 documents