Alta Equipment Group (Alta Equipment Group) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is Alta Equipment Group Dividend Payout Ratio?

Alta Equipment Group's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Alta Equipment Group Inc is 1.34, which seems too high.

The historical rank and industry rank for Alta Equipment Group's Dividend Payout Ratio or its related term are showing as below:

ALTG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.92 Max: 1.34
Current: 1.34

During the past 7 years, the highest Dividend Payout Ratio of Alta Equipment Group was 1.34. The lowest was 0.57. And the median was 0.92.

ALTG's Dividend Payout Ratio is ranked worse than
94.63% of 521 companies
in the Business Services industry
Industry Median: 0.39 vs ALTG: 1.34

As of today (2024-05-04), the Dividend Yield % of Alta Equipment Group is 1.96%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Alta Equipment Group was 2.49%. The lowest was 0.43%. And the median was 1.38%.

Alta Equipment Group's Dividends per Share for the months ended in Dec. 2023 was $0.06.

During the past 12 months, Alta Equipment Group's average Dividends Per Share Growth Rate was 100.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Alta Equipment Group Dividend Payout Ratio Historical Data

The historical data trend for Alta Equipment Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Alta Equipment Group Dividend Payout Ratio Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.57

1.27

Alta Equipment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	5.70	1.14	0.29	-

Competitive Comparison of Alta Equipment Group's Dividend Payout Ratio

For the Rental & Leasing Services subindustry, Alta Equipment Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alta Equipment Group's Dividend Payout Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Alta Equipment Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Alta Equipment Group's Dividend Payout Ratio falls into.

Alta Equipment Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Alta Equipment Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.228	/	0.18
	=	1.27

Alta Equipment Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.057	/	-0.09
	=	N/A

Alta Equipment Group (NYSE:ALTG) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Alta Equipment Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Alta Equipment Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Alta Equipment Group (Alta Equipment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

ALTGpA.PFD:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

Executives

Zachary E. Savas	director	3250 W. BIG BEAVER ROAD, SUITE 544, TROY MI 48084
Ryan Greenawalt	director, 10 percent owner, officer: CEO, Chairman	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Andrew P Studdert	director	PO BOX 66100 - WHQLD, CHICAGO IL 60666
Daniel Shribman	director	299 PARK AVENUE, NEW YORK NY 10171
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Brf Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Craig Brubaker	officer: Chief Operating Officer	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN ROAD, LIVONIA MI 48150
Anthony Colucci	officer: Chief Financial Officer	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Katherine E White	director	ONE MAIN STREET, EVANSVILLE IN 47708
B. Riley Principal Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
James L Kempner	director	C/O LAZARD FRERES & CO. LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Bryant R Riley	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brc Partners Management Gp, Llc	10 percent owner	11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025