Alta Equipment Group Announces Preferred Stock Dividend
Alta Equipment Group Inc. (NYSE: ALTG), a prominent player in the material handling and construction equipment sector, proudly announced that its Board of Directors has declared a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock. This significant announcement comes as the company aims to provide continued value to its investors.
Details of the Dividend Announcement
Shareholders will receive a dividend of $625 per preferred share, translating to $0.625 for each outstanding Depositary Share. This move by Alta highlights their dedication to returning value to investors, reinforcing their financial stability within a competitive market.
Payment Schedule and Conditions
The dividend payment is scheduled for January 31, 2025. Shareholders on record as of the close of business on January 15, 2025, will benefit from this payout, showcasing the company’s commitment to offering timely returns to its preferred shareholders.
About Alta Equipment Group
For 40 years, Alta Equipment Group Inc. has established itself as a key player in the North American equipment dealership space. They offer a diverse range of specialized equipment, catering to markets such as construction, environmental processing, and material handling.
A Comprehensive Service Portfolio
With over 85 locations across multiple states and Canadian provinces, Alta provides comprehensive services that include sales, rentals, and repairs. Their extensive portfolio comprises various equipment types such as lift trucks, heavy earthmoving machinery, and environmental processing units, making them a one-stop shop for customers.
Commitment to Quality and Customer Satisfaction
Alta's success can be attributed to its rigorous commitment to quality and exceptional customer service. The experienced team ensures that customers receive the best equipment for their projects, combined with the necessary support and parts required for seamless operations.
Forward-thinking Approach in a Competitive Market
In an ever-evolving industry, Alta Equipment aims to stay ahead through innovation and market responsiveness. Their dedication to understanding client needs positions them favorably against competitors, ensuring long-term growth and success.
Contact Information
For Investor Relations:
Kevin Inda
SCR Partners, LLC
Contact: kevin@scr-ir.com
(225) 772-0254
For Media Inquiries:
Glenn Moore
Alta Equipment Group
Contact: glenn.moore@altg.com
(248) 305-2134
Frequently Asked Questions
What is the newly announced dividend amount?
The dividend amount announced by Alta Equipment Group is $625 per preferred share, equating to $0.625 for each outstanding Depositary Share.
When will the dividend be paid?
The dividend payment is scheduled for January 31, 2025, for all shareholders on record as of January 15, 2025.
Who is Alta Equipment Group?
Alta Equipment Group Inc. is a leading North American provider of premium equipment in various sectors such as construction and environmental processing.
How long has Alta been in operation?
Alta Equipment Group has been operating as an equipment dealership for over 40 years.
What types of equipment does Alta offer?
Alta Equipment Group provides a wide variety of equipment, including lift trucks, earthmoving equipment, cranes, and environmental processing machinery among others.
