Alta Equipment Group Declares Quarterly Preferred Stock Dividend

An announcement from Alta Equipment Group ( (ALTG) ) is now available.

On April 3, 2026, Alta Equipment Group Inc. announced that its board of directors approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, equivalent to $0.625 per Depositary Share representing a 1/1000th interest in a preferred share. The dividend will be paid on April 30, 2026, to shareholders of record as of April 15, 2026, underscoring the company’s ongoing commitment to returning capital to preferred shareholders and maintaining its obligations on cumulative preferred securities.

The most recent analyst rating on (ALTG) stock is a Hold with a $5.00 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 back primarily by weak/volatile profitability and significant balance-sheet risk (high leverage and negative equity), despite improving cash generation. Technicals are supportive with bullish moving-average alignment and positive momentum, while valuation is mixed due to losses (negative P/E) partly offset by a ~3% yield. Management’s 2026 EBITDA improvement guidance and deleveraging plan provide incremental support but do not fully offset the financial risk profile.

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 a network of more than 80 branches across multiple U.S. states and Canadian provinces, the company sells, rents, and services lift trucks, earthmoving machinery, crushing and screening systems, cranes and aerial work platforms, paving and asphalt equipment, and other specialized construction equipment.

Operating as an equipment dealership for 41 years, Alta positions itself as a one-stop shop for customers’ equipment needs, offering an extensive portfolio of industry-leading products and aftermarket support. Its broad geographic footprint and integrated service capabilities target industrial, construction and environmental customers that require both equipment access and ongoing parts and maintenance solutions.

Average Trading Volume: 226,572

Technical Sentiment Signal: Strong Sell

Current Market Cap: $169.1M

Learn more about ALTG stock on TipRanks’ Stock Analysis page.