Alta Equipment Group Declares Preferred Stock Dividend
Alta Equipment Group Inc. (NYSE: ALTG), a premier provider of specialized equipment and services, has made a significant announcement regarding its Series A Cumulative Perpetual Preferred Stock. The company's Board of Directors has sanctioned a quarterly dividend, amounting to $625 per preferred share. For holders of the Depositary Shares that signify a fractional interest in this stock, this translates to a simplified dividend amount of $0.625 for each share owned.
Details of Dividend Payment
The eagerly anticipated dividend payment is scheduled for October 31, 2024. Shareholders who maintain their position in the company by the close of business on October 15, 2024, will benefit from this distribution. This move demonstrates Alta's commitment to rewarding its investors while ensuring continued growth and stability within the company.
Overview of Alta Equipment Group Inc.
For over four decades, Alta Equipment Group has established itself as one of the most significant integrated equipment dealership networks across North America. The company operates a robust branch network selling, renting, and supporting various categories of specialized equipment. This includes everything from lift trucks and heavy earthmoving machinery to environmental processing and construction equipment. Customers can find everything they need in one place, thanks to Alta's extensive product offerings.
Branch Network and Services
Alta Equipment Group's branch network features over 85 locations, highlighting its extensive reach and commitment to service excellence. The company's presence spans multiple states, including Michigan, Illinois, Indiana, Ohio, and several others, even extending into Canada. Such a vast network allows Alta to provide prompt and reliable support to its clients, enhancing their operational efficiency. The diverse product portfolio coupled with an emphasis on exceptional service enables Alta to stand out in a competitive market.
Commitment to Innovation and Quality
Alta Equipment Group is dedicated to offering quality equipment that meets the evolving needs of its customers. The company continues to invest in innovative technologies and practices that increase productivity and sustainability in their operations. This forward-thinking approach ensures that Alta remains at the forefront of the material handling and construction sectors, consistently providing value to its stakeholders.
Contacts for Further Information
For more information regarding the preferred stock dividend and company operations, interested parties can reach out to:
Investors:
Kevin Inda
SCR Partners, LLC
Email: kevin@scr-ir.com
Phone: (225) 772-0254
Media:
Glenn Moore
Alta Equipment
Email: glenn.moore@altg.com
Phone: (248) 305-2134
Frequently Asked Questions
What is the announced dividend for Alta Equipment Group?
The announced dividend is $625 per preferred share, translating to $0.625 for each Depositary Share.
When will the dividend be paid?
The dividend payment is scheduled for October 31, 2024.
Who is eligible to receive the dividend?
Shareholders who are on record by the close of business on October 15, 2024, will receive the dividend.
How long has Alta Equipment Group been in operation?
Alta Equipment Group has been operating for over 40 years in the equipment dealership industry.
What types of equipment does Alta provide?
Alta Equipment offers a wide range of equipment including material handling, construction, and environmental processing tools.
