Alta Equipment Group Inc. Declares Quarterly Dividend of $0.625 per Share for Preferred Shares Series A
Alta Equipment Group Inc.'s preferred shares, series A (ALTG.PR.A), have declared a quarterly dividend of $0.625 per share, consistent with previous payouts. The dividend will be payable on October 30 to shareholders of record as of October 15, with an ex-dividend date also set for October 15. The company is reaffirming its financial guidance and targets, including a projected adjusted EBITDA range of $167.5 million to $177.5 million in 2026 and maintaining the free cash flow target between $100 million and $110 million for the same period. Analysts have noted that Alta Equipment is experiencing an inflection point in bookings, along with deleveraging efforts, which may make its levered equity attractive to investors.
Tickers: $ALTG
Topics: dividends earnings financials