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Alamo Group Inc. Increases Regular Quarterly Dividend And Announces Share Repurchase Program

Alamo Group, Inc (ALG)  More Company Research Source: PR Newswire
Last alamo group, inc earnings: 8/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: alamo-group.com/investor-relations
PDF SEGUIN, Texas, Dec. 19, 2018 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has approved an increase in the Company's quarterly dividend, raising it to $0.12 per share from $0.11 per share.  Payment will be made on January 29, 2019 to shareholders of record at the close of business on January 17, 2019. The Company also announced that its Board has approved a share repurchase program under which the Company is authorized to repurchase in the aggregate up to $30 million of its outstanding common stock."Today's announcement reflects our continued confidence in Alamo Group's future and our commitment to improving overall shareholder value," said Ron Robinson, Alamo Group's President and Chief Executive Officer.  "The share repurchase program is intended to enhance shareholder returns by mitigating the dilution effects associated with the issuance of Alamo Group stock under our equity incentive plans."  Under the share repurchase program, which has [Read more]

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