---
title: "Alta Equipment Group Declares Quarterly Preferred Stock Dividend"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291541949.md"
description: "Alta Equipment Group (ALTG) announced a quarterly preferred stock dividend of $0.625 per depositary share, payable July 31, 2026, to shareholders of record as of July 15, 2026. This move underscores the company's commitment to capital returns and income-focused investors. Despite this, analyst ratings remain at 'Hold' with an $8.00 price target, while AI analysis cites weak financial performance and stressed capital structure as key concerns."
datetime: "2026-07-02T11:28:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291541949.md)
  - [en](https://longbridge.com/en/news/291541949.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291541949.md)
generator: "portal-rs"
---

# Alta Equipment Group Declares Quarterly Preferred Stock Dividend

Alta Equipment Group ( (ALTG) ) has provided an update.

On July 2, 2026, Alta Equipment Group announced that its board approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, equivalent to $0.625 per outstanding depositary share trading on the NYSE under the symbol ALTG PRA. The dividend will be paid on July 31, 2026, to shareholders of record as of July 15, 2026, underscoring the company’s ongoing capital return to preferred shareholders and reinforcing the appeal of its preferred securities for income-focused investors.

The move reflects Alta’s commitment to maintaining regular distributions on its preferred stock while operating one of the largest integrated equipment dealership platforms in North America. By sustaining its dividend policy, the company supports investor confidence and highlights the stability of its cash flows from its broad portfolio of material handling, construction and environmental processing equipment and services.

The most recent analyst rating on (ALTG) stock is a Hold  
 with a $8.00 price target.  
 To see the full list of analyst forecasts on Alta Equipment Group stock,  
 see the ALTG Stock Forecast page. 

**Spark’s Take on ALTG Stock**

According to Spark, TipRanks’ AI Analyst, ALTG is a Neutral.

The score is held down primarily by weak financial performance—negative profitability, a highly stressed capital structure with negative equity, and elevated balance-sheet risk—partially offset by improved operating/free cash flow. The earnings call adds a modest positive tilt due to improving KPIs and continued deleveraging plans, but the guidance trim and utilization/transition risks cap upside. Valuation is mixed (negative P/E with a higher yield), and technical signals were unavailable, limiting conviction from price action.

To see Spark’s full report on ALTG stock,  
 click here. 

**More about Alta Equipment Group**

Alta Equipment Group Inc. is a leading North American equipment dealership platform focused on premium material handling, construction and environmental processing equipment and related services. Through more than 80 locations across multiple U.S. states and Canadian provinces, the company sells, rents and services specialized equipment ranging from lift trucks and earthmoving machinery to crushing, screening and paving equipment, positioning itself as a one-stop provider for industrial and construction customers.

**Average Trading Volume:** 288,629

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $197.8M

For an in-depth examination of ALTG stock, go to TipRanks’ Overview page.

### Related Stocks

- [ALTG.US](https://longbridge.com/en/quote/ALTG.US.md)
- [ALTG-A.US](https://longbridge.com/en/quote/ALTG-A.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**