Alta Equipment Group Declares Preferred Stock Dividend
Alta Equipment Group Inc. (NYSE: ALTG) recently made a significant announcement regarding its Series A Cumulative Perpetual Preferred Stock. The company's Board of Directors has approved a quarterly dividend of $625 per preferred share. This translates to a payout of $0.625 for each of the outstanding Depositary Shares that represent a fractional interest in one share of Series A Preferred.
Dividend Payment Schedule
The upcoming dividend payment is scheduled for October 31, 2024. Shareholders who are on record by the close of business on October 15, 2024, will benefit from this planned distribution. This decision reflects Alta’s ongoing commitment to deliver value to its investors.
About Alta Equipment Group Inc.
Alta Equipment Group Inc. stands out as one of North America's most prominent integrated equipment dealership platforms. With an impressive history of 40 years, Alta has established a well-developed branch network across multiple states and Canadian provinces. The company focuses on selling, renting, and servicing a broad spectrum of construction and material handling equipment.
Extensive Product Portfolio
From heavy machinery like cranes and earth-moving equipment to specialized items such as lift trucks and paving equipment, Alta's extensive product range caters to diverse industrial needs. The company prides itself on being a one-stop shop for customers, offering an industry-leading selection of equipment and exceptional customer service.
Geographic Reach and Expansion
With over 85 locations throughout Michigan, Illinois, Indiana, Ohio, and more, Alta Equipment maintains a strong presence in the U.S. market. Additionally, its operations span across provinces in Canada, such as Ontario and Quebec. This geographic reach enhances its ability to serve various customer segments effectively.
Future Outlook and Growth
Looking ahead, Alta Equipment Group Inc. seems poised for further growth driven by its strategic decisions, market presence, and commitment to innovation. The recent dividend announcement not only signals confidence in the company's financial health but also reinforces its dedication to shareholder value amid fluctuating market conditions.
Contact Information
For those interested in further details about Alta Equipment Group or the recent dividend announcement, two main points of contact are available.
Investor Relations Contact
Kevin Inda
SCR Partners, LLC
Email: kevin@scr-ir.com
(225) 772-0254
Media Relations Contact
Glenn Moore
Alta Equipment
Email: glenn.moore@altg.com
(248) 305-2134
Frequently Asked Questions
What is the dividend amount approved by Alta Equipment Group?
The Board approved a quarterly dividend of $625 per preferred share.
When is the dividend payment scheduled?
The payment is set for October 31, 2024, for eligible shareholders.
What does Alta Equipment Group do?
Alta Equipment provides premium material handling, construction, and environmental processing equipment along with related services.
How many locations does Alta Equipment Group operate?
Alta Equipment operates over 85 locations across various U.S. states and Canadian provinces.
How can I contact Alta Equipment Group for more information?
Interested parties can reach out to Kevin Inda for investor relations or Glenn Moore for media inquiries via their respective emails.
