Alta Equipment Group approves $625 quarterly preferred dividend

The Board of Directors of Alta Equipment Group Inc. (NYSE: ALTG) approved a quarterly dividend of $625 per share for its Series A Cumulative Perpetual Preferred Stock. The company, based in Livonia, Michigan, announced the decision on October 2, 2026. This payout translates to $0.625 for each outstanding Depositary Share, which represents a 1/1000th fractional interest in one share of the Series A Preferred.

Shareholders of record at the close of business on October 15, 2026, will receive the dividend payment on October 30, 2026. Alta Equipment Group operates as a provider of premium material handling, construction, and environmental processing equipment and related services. The company maintains one of the largest integrated equipment dealership platforms in North America, with more than 80 locations across 15 U.S. states and three Canadian provinces.

The dealership network sells, rents, and provides parts and service support for specialized equipment categories, including lift trucks, heavy earthmoving machinery, crushing and screening units, cranes, and aerial work platforms. Alta has operated as an equipment dealership for 42 years. Kevin Inda of SCR Partners, LLC serves as the investor contact for the company.