Alamo Group hikes dividend by 15.4%

Alamo Group (ALG) will raise its quarterly dividend by 15.4 percent to 30  cents per share in 2025. This marks 11 consecutive years of dividend increases by ALG.

The dividend yield for Alamo Group is 0.7% at a stock price of $173. In 2024 the dividend was hiked by 18.2% with ALG announcing double digit increases in each of the last four years. The next dividend will be paid on January 29, 2025 to shareholders of record on January 16, 2025.

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. Alamo Group has been paying a dividend to shareholders every year since 1993.