Alta Equipment Group declared a quarterly dividend of $0.625 per preferred share, payable on October 30, 2026.
Quiver AI Summary
Alta Equipment Group Inc. announced that its Board of Directors has approved a quarterly dividend of $625 per share on its Series A Cumulative Perpetual Preferred Stock, which translates to $0.625 for each Depositary Share. The dividend will be paid on October 30, 2026, to shareholders on record as of October 15, 2026. Alta, which has been operating for 42 years, is a prominent equipment dealer in North America, offering a wide range of specialized equipment and services through over 80 locations across various states and Canadian provinces. More information is available on their website.
Potential Positives
- Approval of a quarterly dividend of $625 per share reflects the Board's commitment to returning value to shareholders.
- This dividend announcement demonstrates financial stability and a positive cash flow position for Alta Equipment Group Inc.
- Payment date of October 30, 2026, gives shareholders a clear timeline for their expected returns, enhancing investor relations.
- Alta's extensive operations and integrated dealership platform position it strongly within the industry, attracting potential investors looking for growth opportunities.
Potential Negatives
- The announcement does not detail any reasons or financial metrics that justify the dividend amount, which may raise concerns about sustainability and clarity in financial reporting.
- The press release lacks information about the company's overall financial performance or future outlook, which could lead to uncertainty among investors.
- There is no mention of potential risks or challenges the company is facing, which may contribute to a perception of inadequate transparency with stakeholders.
FAQ
What is the recent dividend amount announced by Alta Equipment Group?
Alta Equipment Group announced a quarterly dividend of $625 per preferred share, equating to $0.625 for each Depositary Share.
When will the dividend payment be made to shareholders?
The dividend payment will be made on October 30, 2026, to shareholders of record as of October 15, 2026.
What is the primary business of Alta Equipment Group Inc.?
Alta Equipment Group is a leading provider of material handling, construction, and environmental processing equipment and related services.
How long has Alta Equipment Group been in operation?
Alta Equipment Group has been operating for 42 years as an equipment dealership in North America.
How many locations does Alta Equipment Group have?
Alta Equipment Group has over 80 locations across various states in the U.S. and in Canada.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALTG Revenue
$ALTG had revenues of $475.5M in Q2 2026. This is a decrease of -1.18% from the same period in the prior year.
You can track ALTG financials on Quiver Quantitative's ALTG stock page.
You can access data on ALTG stock through the Quiver Quantitative API.
$ALTG Hedge Fund Activity
We have seen 78 institutional investors add shares of $ALTG stock to their portfolio, and 38 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VOSS CAPITAL, LP removed 1,247,585 shares (-51.5%) from their portfolio in Q2 2026, for an estimated $8,071,874
- CASTLEKNIGHT MANAGEMENT LP added 747,397 shares (+85.9%) to their portfolio in Q2 2026, for an estimated $4,835,658
- ROYCE & ASSOCIATES LP added 449,513 shares (+80.2%) to their portfolio in Q2 2026, for an estimated $2,908,349
- AQR CAPITAL MANAGEMENT LLC added 365,845 shares (+247.1%) to their portfolio in Q2 2026, for an estimated $2,367,017
- ACADIAN ASSET MANAGEMENT LLC added 190,281 shares (+173.0%) to their portfolio in Q2 2026, for an estimated $1,231,118
- GSA CAPITAL PARTNERS LLP removed 149,894 shares (-53.0%) from their portfolio in Q2 2026, for an estimated $969,814
- TUDOR INVESTMENT CORP ET AL added 128,087 shares (+87.0%) to their portfolio in Q2 2026, for an estimated $828,722
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
LIVONIA, Mich., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is October 30, 2026, to shareholders of record at the close of business on October 15, 2026.
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, concrete and asphalt paving equipment, other construction equipment and allied products. Alta has operated as an equipment dealership for 42 years and has over 80 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida, and the Canadian provinces of Ontario, New Brunswick, and Quebec. Alta offers its customers a one-stop shop for their equipment needs through its broad, industry-leading product portfolio. More information can be found at
www.altg.com
.
Contacts
Investors:
Kevin Inda
SCR Partners, LLC
[email protected]
(225) 772-0254
