Alta Equipment Group declared a quarterly dividend of $0.625 per Series A Preferred share, payable January 30, 2026.
Quiver AI Summary
Alta Equipment Group Inc. announced that its Board of Directors has approved a quarterly dividend of $625 per preferred share on its Series A Cumulative Perpetual Preferred Stock, translating to $0.625 for each outstanding Depositary Share. The dividend payment will take place on January 30, 2026, to shareholders of record by January 15, 2026. Alta is recognized as a leading provider of material handling, construction, and environmental processing equipment with a vast dealership network across North America, offering a comprehensive product portfolio and services to meet its customers' needs.
Potential Positives
- The approval of a quarterly dividend on Series A Cumulative Perpetual Preferred Stock demonstrates the company's commitment to returning value to its shareholders.
- With a significant dividend payout of $0.625 per preferred share, the company signals financial stability and confidence in its ongoing profitability.
- The upcoming dividend payment date provides a clear timeline for investors, enhancing transparency and predictability in shareholder returns.
- Alta's extensive branch network across multiple states and provinces highlights its strong market presence and operational capability in the equipment dealership industry.
Potential Negatives
- The announcement of the dividend may indicate cash flow constraints, as dividends on preferred stock typically suggest the company is prioritizing returns to investors over reinvestment or growth opportunities.
- The press release provides no information on the financial performance or other significant updates that would reassure investors, potentially causing apprehension about the company's current standing or future growth.
- Given that this is a dividend announcement, any potential issues with liquidity or declining profitability may lead investors to question the long-term stability of the company.
FAQ
What is the amount of the quarterly dividend declared by Alta Equipment Group?
The quarterly dividend approved by Alta Equipment Group is $625 per preferred share, equating to $0.625 per Depositary Share.
When will the dividend be paid to shareholders?
The dividend payment date is January 30, 2026, to shareholders of record as of January 15, 2026.
What type of stock is the dividend for?
The dividend is for the Series A Cumulative Perpetual Preferred Stock of Alta Equipment Group.
How long has Alta Equipment Group been in operation?
Alta Equipment Group has operated as an equipment dealership for 41 years.
Where are Alta's equipment dealerships located?
Alta has over 80 locations across several states in the U.S. and Canadian provinces, providing extensive coverage.
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 Insider Trading Activity
$ALTG insiders have traded $ALTG stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ALTG stock by insiders over the last 6 months:
- DANIEL SHRIBMAN purchased 40,000 shares for an estimated $202,940
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ALTG Revenue
$ALTG had revenues of $422.6M in Q3 2025. This is a decrease of -5.84% from the same period in the prior year.
You can track ALTG financials on Quiver Quantitative's ALTG stock page.
$ALTG Hedge Fund Activity
We have seen 74 institutional investors add shares of $ALTG stock to their portfolio, and 43 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. removed 1,360,501 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $9,850,027
- CIBC PRIVATE WEALTH GROUP LLC removed 288,886 shares (-38.0%) from their portfolio in Q3 2025, for an estimated $2,091,534
- CUBIST SYSTEMATIC STRATEGIES, LLC added 176,672 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,279,105
- JANE STREET GROUP, LLC added 146,581 shares (+172.9%) to their portfolio in Q3 2025, for an estimated $1,061,246
- JPMORGAN CHASE & CO added 144,350 shares (+262.1%) to their portfolio in Q3 2025, for an estimated $1,045,094
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 133,705 shares (+inf%) to their portfolio in Q3 2025, for an estimated $968,024
- UBS GROUP AG removed 118,232 shares (-69.3%) from their portfolio in Q3 2025, for an estimated $855,999
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LIVONIA, Mich., Jan. 05, 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 January 30, 2026, to shareholders of record at the close of business on January 15, 2026.
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through our 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, paving and asphalt equipment, other construction equipment and allied products. Alta has operated as an equipment dealership for 41 years and has developed a branch network that includes 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, Maritime, 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
Media:
Glenn Moore
Alta Equipment Group Inc.
[email protected]
(248) 305-2134
