Alta Equipment (NYSE: ALTG) sets $0.625 dividend on preferred shares
Filing Impact
Filing Sentiment
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.
8-K Event Classification
2 items: 8.01, 9.01
2 items
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.
Key Figures
Preferred dividend per share: $625 per preferred share
Dividend per Depositary Share: $0.625 per Depositary Share
Dividend record date: July 15, 2026
+2 more
5 metrics
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
Key Terms
10% Series A Cumulative Perpetual Preferred Stock, Depositary Shares, record date, payment date, +1 more
5 terms
10% Series A Cumulative Perpetual Preferred Stock financial
"approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock"
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."
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.
