Alta Equipment Group Inc. Announces Quarterly Dividend

LIVONIA, Mich., Jan. 03, 2025 (GLOBE NEWSWIRE) –

Alta Equipment Group Inc. (NYSE: ALTG), a leading provider of premium material handling, construction, and environmental processing equipment and related services, has announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $625 per preferred share, with Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred receiving a dividend of $0.625 each. The dividend payment date is set for January 31, 2025, with shareholders of record as of January 15, 2025, eligible to receive the payment.

Impact on Individuals

For individual shareholders holding Alta Equipment Group Inc.’s Series A Cumulative Perpetual Preferred Stock, this announcement means a return on their investment in the form of a quarterly dividend. This additional income can provide financial security and reward shareholders for their continued support of the company.

Impact on the World

Alta Equipment Group Inc.’s decision to issue a quarterly dividend on its preferred stock demonstrates the company’s financial stability and commitment to rewarding its shareholders. This positive news may also boost investor confidence in the company and contribute to a healthier overall market.

Conclusion

Overall, Alta Equipment Group Inc.’s announcement of a quarterly dividend on its Series A Cumulative Perpetual Preferred Stock is a promising development for both individual shareholders and the wider market. By providing a return on investment and showcasing financial strength, the company continues to solidify its position as a leading provider of material handling, construction, and environmental processing equipment.