Filing Summary
Business Context and Reporting Period
Alta Equipment Group Inc. filed a Form 8-K dated April 4, 2023, under Item 8.01 to disclose a declared dividend on its 10% Series A Cumulative Perpetual Preferred Stock. The filing does not report quarterly or annual operating results.
Dividend and Key Financial Terms
- The Board declared a dividend of $625 per outstanding share of Series A Preferred Stock.
- Because each NYSE-listed depositary share represents a 1/1,000th fractional interest in one preferred share, the dividend equals $0.625 per depositary share.
- Record date: April 15, 2023.
- Payment date: May 1, 2023.
- Depositary shares trade on the NYSE under the symbol ALTG PRA.
Changes Versus the Prior Comparable Period
The filing does not provide a prior-period comparison or identify a change in the dividend rate.
Guidance, Outlook, Risks, and Unusual Items
No management guidance, outlook, operating commentary, risks, contingencies, or unusual operating items are provided. The full press release is filed as Exhibit 99.1 and incorporated by reference.
Investor Verification Items
- Verify the Series A Preferred dividend terms and the $0.625 per-depositary-share amount.
- Confirm eligibility based on the April 15, 2023 record date and the May 1, 2023 payment date.
- Review Exhibit 99.1 for any additional information accompanying the dividend declaration.