Alta Equipment Group's (NYSE:ALTG) Dividend Will Be $0.057 [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
The dividend yield will be 3.0% based on this payment which is still above the industry average. See our latest analysis for Alta Equipment Group A big dividend yield for a few years doesn't mean much if it can't be sustained. Alta Equipment Group is unprofitable despite paying a dividend, and it is paying out 293% of its free cash flow. These payout levels would generally be quite difficult to keep up. Looking forward, earnings per share is forecast to rise by 39.8% over the next year. This is the right direction to be moving, but it is not enough to achieve profitability. Unless this can be done in short order, the dividend might be difficult to sustain. Looking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. There hasn't been much of a change in the dividend over the last 2 years. Modest dividend growth is good to see, especially w
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ALTG
News
- Alta Equipment: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Alta (NYSE:ALTG) Misses Q3 Sales Targets, Stock Drops 15.9% [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and WebcastGlobeNewswire
- Railcar Movers Industry Analysis Report 2024: Global Market to Reach $1.7 Billion by 2030 - Rising Use in Oil & Gas, Chemical, Mining, Warehousing and Manufacturing Creates New Opportunities [Yahoo! Finance]Yahoo! Finance
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- ALTG's page on the SEC website