ALTA EQUIPMENT GROUP INC. 8-K

What Happened
Alta Equipment Group Inc. announced that its Board of Directors declared a dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock. The record date for the dividend is July 15, 2026, and the payment date is July 31, 2026. Because each outstanding depositary share represents a 1/1,000th fractional interest in one share of Series A Preferred, the dividend equals $0.625 per depositary share. The depositary shares trade on the NYSE under the symbol "ALTG PRA." The company filed a press release about the declaration as Exhibit 99.1 to its Form 8-K (filed July 2, 2026).

Key Details

• Dividend declared: $625.00 per share of 10% Series A Cumulative Perpetual Preferred Stock.
• Depositary-share equivalent: $0.625 per outstanding depositary share (1/1,000th interest).
• Record date: July 15, 2026; Payment date: July 31, 2026.
• Depositary shares ticker: ALTG PRA on the New York Stock Exchange.

Why It Matters
This is a dividend payment for holders of the Series A preferred stock (and the related depositary shares), not a distribution on Alta’s common stock. Preferred dividends are typically fixed and cumulative, so this provides a predictable cash return to preferred shareholders and depositary-share holders. For investors, the item confirms a near-term cash outflow by the company tied to its preferred obligations and indicates that the Board is honoring the Series A dividend payment schedule. The filing is informational and does not report changes to earnings, executive leadership, or broader corporate strategy.