Alta Equipment Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Alta Equipment Group (NYSE:ALTG) announced a quarterly dividend of 5.7 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on February 29, 2024. The stock is expected to open 5.7 cents lower on the ex-dividend date.
February 09, 2024 | 2:45 pm
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Alta Equipment Group announced a quarterly dividend of 5.7 cents per share, payable on February 29, 2024. The stock will likely open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout often leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, ALTG is expected to open 5.7 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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