Alamo Group hikes dividend by 8.3%
Alamo Group (ALG) will raise its quarterly dividend by 8.3 percent to $0.13 per share in the first quarter of 2020. This is the first dividend hike announced by the company since 2018.
The next dividend will be paid on January 29, 2020 to shareholders of record at the close of business on January 16, 2020. A new annual dividend rate of $0.52 per share yields 0.4% at a stock price of $124.
Alamo Group is a manufacturer and distributor of equipment for infrastructure maintenance, agriculture and other applications. The company's products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements and related after-market parts and services. Alamo operates plants in North America, Europe, Australia and Brazil. The company was founded in 1969. Alamo's corporate offices are located in Seguin, Texas.
The next dividend will be paid on January 29, 2020 to shareholders of record at the close of business on January 16, 2020. A new annual dividend rate of $0.52 per share yields 0.4% at a stock price of $124.
Alamo Group is a manufacturer and distributor of equipment for infrastructure maintenance, agriculture and other applications. The company's products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements and related after-market parts and services. Alamo operates plants in North America, Europe, Australia and Brazil. The company was founded in 1969. Alamo's corporate offices are located in Seguin, Texas.