Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.
Alta Equipment Dividend Announcement
• Alta Equipment announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-15
• Alta Equipment annual dividend for 2024 was $0.17
• Alta Equipment annual dividend for 2023 was $0.23
• Alta Equipment's trailing twelve-month (TTM) dividend yield is 3.42%
• Alta Equipment's payout ratio for the trailing twelve months (TTM) is -59.02%
Alta Equipment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-15 | $0.06 | quarterly | 2024-08-30 |
2024-05-14 | $0.06 | quarterly | 2024-05-31 |
2024-02-14 | $0.06 | quarterly | 2024-02-29 |
2023-11-14 | $0.06 | quarterly | 2023-11-30 |
2023-08-14 | $0.06 | quarterly | 2023-08-31 |
2023-05-12 | $0.06 | quarterly | 2023-05-31 |
2023-02-14 | $0.06 | quarterly | 2023-02-28 |
2022-11-14 | $0.06 | quarterly | 2022-11-30 |
2022-08-12 | $0.06 | quarterly | 2022-08-31 |
Alta Equipment Dividend per year
Alta Equipment Dividend growth
Alta Equipment Dividend Yield
Alta Equipment current trailing twelve-month (TTM) dividend yield is 3.42%. Interested in purchasing Alta Equipment stock? Use our calculator to estimate your expected dividend yield:
Alta Equipment Financial Ratios
Alta Equipment Dividend FAQ
Other factors to consider when evaluating Alta Equipment as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Alta Equipment's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Alta Equipment publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Alta Equipment distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Alta Equipment are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Alta Equipment sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Alta Equipment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Alta Equipment declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Alta Equipment's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Alta Equipment's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.