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
See our latest analysis for Alta Equipment Group Alta Equipment Group's Dividend Is Well Covered By Earnings We aren't too impressed by dividend yields unless they can be sustained over time. Prior to this announcement, the dividend made up 125% of earnings, and the company was generating negative free cash flows. Paying out such a large dividend compared to earnings while also not generating any free cash flow would definitely be difficult to keep up. The next year is set to see EPS grow by 125.5%. Assuming the dividend continues along the course it has been charting recently, our estimates show the payout ratio being 57% which brings it into quite a comfortable range. Alta Equipment Group Doesn't Have A Long Payment History 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. The payments haven't really changed that much since
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ALTG
News
- Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien Notes [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien Notes [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien NotesGlobeNewswire
- Alta Equipment Group Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Is It Too Late To Consider Buying Alta Equipment Group Inc. (NYSE:ALTG)? [Yahoo! Finance]Yahoo! Finance
ALTG
Earnings
- 5/8/24 - Miss
ALTG
Sec Filings
- 5/14/24 - Form SC
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- ALTG's page on the SEC website