Alta Equipment (ALTG) Declares $625 Quarterly Dividend

By Bobby Samwell • Wednesday, April 03 10:13 • Permanent Link

Alta Equipment Group Inc. (NYSE: ALTG) has announced the approval of a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock. The dividend amount has been set at $625 per preferred share, equating to a dividend of $0.625 for each outstanding Depositary Share representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is scheduled for April 30, 2024, to shareholders of record as of the close of business on April 15, 2024.

Alta Equipment Group Inc. is a prominent provider of premium material handling, construction, and environmental processing equipment and related services. The company operates one of the largest integrated equipment dealership platforms in North America, with a branch network spanning over 80 locations across various states in the U.S. and the Canadian provinces of Ontario and Quebec.

As a result of these announcements, the company's shares have moved 1.9% on the market, and are now trading at a price of $12.75. Check out the company's full 8-K submission here.

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