Alta Equipment Group Declares Preferred Stock Dividend Payment
Alta Equipment Group Announces Dividend for Preferred Stock
Alta Equipment Group Inc. (NYSE: ALTG), a notable leader in providing premium material handling, construction, and environmental processing equipment, has made an exciting announcement regarding its preferred stock. The company's Board of Directors has approved a substantial quarterly dividend of $625 per share for its Series A Cumulative Perpetual Preferred Stock. This translates to a dividend of $0.625 for each outstanding Depositary Share, which represents a fraction of one share of the Series A Preferred.
Details of the Dividend Payment
The payment of this dividend is set for July 31, 2025. Shareholders of record will need to hold their shares until the close of business on July 15, 2025, to qualify for this distribution. This substantial initiative reflects Alta's dedication to maintaining strong relationships with its investors, ensuring that they reap the benefits of their investments.
About Alta Equipment Group
With a remarkable legacy spanning over four decades, Alta Equipment Group has positioned itself as a premier equipment dealership in North America. Operating one of the largest integrated platforms in the industry, Alten focuses on selling, renting, and servicing various specialized equipment. This includes everything from lift trucks and material handling equipment to heavy and compact earthmoving machinery.
Alta's operations cover an extensive branch network, with over 85 locations across a variety of states and Canadian provinces. This extensive reach allows Alta to effectively meet customer needs, positioning itself as a single-source destination for equipment solutions. Whether clients are looking for cranes, paving equipment, or environmental processing gear, Alta has assembled a diverse and industry-leading product portfolio, catering to every imaginable requirement.
Commitment to Customers
Alta Equipment Group emphasizes customer satisfaction through its extensive range of services. By providing parts and service support tailored to client-specific needs, the company ensures that customers not only have access to premium equipment but also receive unparalleled service and expertise. As the market evolves, Alta commits to keeping its offerings ahead of trends and technological advancements, ultimately benefiting their loyal customer base.
Contact Information
For investor inquiries, Kevin Inda from SCR Partners, LLC, is available to provide more details. Interested parties can reach him at (225) 772-0254 or via email.
For media-related inquiries, Glenn Moore from Alta Equipment can be contacted at (248) 305-2134. His role is vital in communicating Alta's initiatives and company news to the public.
Frequently Asked Questions
What is the amount of the dividend that Alta Equipment Group declared?
The declared dividend is $625 per share for its Series A Cumulative Perpetual Preferred Stock.
When is the payment date for the announced dividend?
The payment date for the dividend is July 31, 2025.
Who are the contacts for investor and media inquiries?
Investors can contact Kevin Inda, while media inquiries can be directed to Glenn Moore.
How long has Alta Equipment Group been in operation?
Alta Equipment Group has been operating for over 40 years in the equipment dealership sector.
What types of equipment does Alta provide?
Alta offers a wide range of equipment, including lift trucks, heavy machinery, environmental processing equipment, and more.
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