Alta Equipment Group Dividends and Buybacks
Dividend criteria checks 2/6
Alta Equipment Group is a dividend paying company with a current yield of 2.88%.
Key information
2.9%
Dividend yield
0.8%
Buyback Yield
| Total Shareholder Yield | 3.6% |
| Future Dividend Yield | 2.9% |
| Dividend Growth | 31.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.228 |
| Payout ratio | -13% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, ALTG.PRA has been paying a dividend for less than 10 years.
Growing Dividend: ALTG.PRA has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
| Alta Equipment Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ALTG.PRA) | 2.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Trade Distributors) | 1.3% |
| Analyst forecast (ALTG.PRA) (up to 3 years) | 2.9% |
Notable Dividend: ALTG.PRA's dividend (2.88%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: ALTG.PRA's dividend (2.88%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Earnings Payout to Shareholders
Earnings Coverage: ALTG.PRA is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (19%), ALTG.PRA's dividend payments are well covered by cash flows.