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

Rhea-AI Filing Summary

Alta Equipment Group Inc. announced that its Board of Directors approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock. Each Depositary Share, which represents a 1/1000th interest in one preferred share, will receive a $0.625 dividend.

The dividend will be paid on April 30, 2026 to shareholders of record as of April 15, 2026. The Depositary Shares trade on the New York Stock Exchange under the symbol ALTG PRA.

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 Record date: April 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 one preferred share

Record date April 15, 2026 Shareholders of record on this date receive the dividend

Payment date April 30, 2026 Scheduled dividend payment date for eligible shareholders

Depositary Share ticker ALTG PRA Depositary Shares trade on the New York Stock Exchange

Key Terms

Cumulative Perpetual Preferred Stock, Depositary Shares, record date, payment date, +1 more

5 terms

Cumulative Perpetual Preferred Stock financial

"approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock"

A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.

Depositary Shares financial

"Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred"

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

"to shareholders of record at the close of business on April 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 April 30, 2026, to shareholders of record"

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.

10% Series A financial

"dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625"

Understanding 8-K Material Events →

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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): April 3, 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 April 3, 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 April 15, 2026 and the payment date April 30, 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 April 3, 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: April 3, 2026	By:		/s/ Ryan Greenawalt
			Name: Ryan Greenawalt
			Title: Chief Executive Officer

Exhibit 99.1

Alta Equipment Group Announces Preferred Stock Dividend

LIVONIA, Mich. – April 3, 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 April 30, 2026, to shareholders of record at the close of business on April 15, 2026.

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 41 years and has developed a branch network that includes 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, Maritime, 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 approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock. This equals $0.625 for each Depositary Share representing a 1/1000th interest in one preferred share.

How much will ALTG PRA Depositary Share holders receive per share?

Holders of ALTG PRA Depositary Shares will receive a $0.625 dividend per Depositary Share. Each Depositary Share represents a 1/1000th fractional interest in one share of Alta’s 10% Series A Cumulative Perpetual Preferred Stock.

What are the record and payment dates for Alta Equipment’s preferred dividend?

The dividend will be paid on April 30, 2026 to shareholders of record at the close of business on April 15, 2026. Only investors holding shares on the record date will be entitled to receive this preferred dividend.

On which exchange and under what symbol do ALTG preferred Depositary Shares trade?

Alta Equipment’s Depositary Shares representing its 10% Series A Preferred trade on the New York Stock Exchange under the symbol ALTG PRA. Each Depositary Share reflects a 1/1000th interest in one preferred share.

Is this Alta Equipment dividend a quarterly payment on the Series A preferred?

Yes. Alta Equipment’s Board approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock. The announced amount is $625 per preferred share, or $0.625 per Depositary Share, consistent with its stated cumulative preferred terms.

What type of security is Alta Equipment’s 10% Series A Cumulative Perpetual Preferred Stock?

Alta Equipment’s 10% Series A Cumulative Perpetual Preferred Stock is a preferred equity security paying a stated 10% rate. It is represented publicly by Depositary Shares, each equal to a 1/1000th interest in one preferred share and trading as ALTG PRA.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 7.4 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 46.9 KB