Alta Equipment Group Series A Cumulative Preferred Stock About To Put More Money In Your Pocket

On 1/15/25, Alta Equipment Group Inc’s Depositary Shares Series A Cumulative Preferred Stock (Symbol: ALTG.PRA) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 1/31/25. As a percentage of ALTG.PRA’s recent share price of $25.90, this dividend works out to approximately 2.41%, so look for shares of ALTG.PRA to trade 2.41% lower — all else being equal — when ALTG.PRA shares open for trading on 1/15/25. On an annualized basis, the current yield is approximately 9.69%, which compares to an average yield of 9.23% in the “Industrial” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of ALTG.PRA shares, versus ALTG:

Below is a dividend history chart for ALTG.PRA, showing historical dividends prior to the most recent $0.625 on Alta Equipment Group Inc’s Depositary Shares Series A Cumulative Preferred Stock:

Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, Alta Equipment Group Inc’s Depositary Shares Series A Cumulative Preferred Stock (Symbol: ALTG.PRA) is currently up about 0.4% on the day, while the common shares (Symbol: ALTG) are up about 0.2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.