On October 2, 2026, Alta Equipment Group Inc. announced that its Board of Directors has declared a dividend of $625 per share for its 10% Series A Cumulative Perpetual Preferred Stock. This dividend is set to benefit shareholders significantly, with a record date of October 15, 2026, and a payment date of October 30, 2026.
This translates to a dividend of $0.625 for each of the outstanding Depositary Shares, which represent a 1/1000th fractional interest in one share of the Series A Preferred. These Depositary Shares are traded on The New York Stock Exchange under the symbol “ALTG PRA.”
Background
Alta Equipment Group Inc. is a prominent player in the wholesale-industrial machinery and equipment sector, classified under SIC 5084. The company trades on the New York Stock Exchange with the ticker symbols ALTG and ALTG-PA. Its recent filings include several 8-K reports, with the most recent dated October 2, 2026, which details this dividend declaration.
What the Filing Says
The filing states, “On October 2, 2026, Alta Equipment Group Inc. issued a press release announcing that the Company’s Board of Directors has declared a dividend of $625 per share of its outstanding 10% Series A Cumulative Perpetual Preferred Stock.” It further outlines the record and payment dates for the dividend.
Impact
This dividend declaration may positively affect shareholders of Alta Equipment Group, as it demonstrates the company’s commitment to returning value. It also signals to the broader market that the company is performing well financially. In the wholesale-industrial machinery and equipment sector, such moves can influence competitors to adopt similar shareholder-friendly strategies.
What's Next
The filing does not say what happens next.