Alta Equipment Group Dividends and Buybacks
Dividend criteria checks 2/6
Alta Equipment Group is a dividend paying company with a current yield of 3.4%.
Key information
3.4%
Dividend yield
0.9%
Buyback Yield
| Total Shareholder Yield | 4.3% |
| Future Dividend Yield | 3.4% |
| Dividend Growth | 33.7% |
| 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) | 3.4% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Trade Distributors) | 1.5% |
| Analyst forecast (ALTG.PRA) (up to 3 years) | 3.4% |
Notable Dividend: ALTG.PRA's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: ALTG.PRA's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (4.45%).
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.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:36 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Alta Equipment Group Inc. is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Rygiel | B. Riley Securities, Inc. |
| Matt Summerville | D.A. Davidson & Co. |
| Edward Jackson | Northland Capital Markets |