SEGUIN, Texas, Jan. 3, 2022 /PRNewswire/ -- Alamo Group Inc.
(NYSE: ALG) announced today that its Board of Directors has
declared its quarterly dividend of $0.18 per share, approving an increase in the
Company's quarterly dividend, from $0.14 per share to $0.18 per share. Payment will be made on
February 1, 2022 to shareholders of
record at the close of business on January
18, 2022.
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements, forestry equipment and related after-market parts and
services. The Company, founded in 1969, has approximately
4,100 employees and operates 27 plants in North America, Europe, Australia and Brazil as of September
30, 2021. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas.
Forward Looking Statements
This release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in
future periods to differ materially from forecasted results. Among
those factors which could cause actual results to differ materially
are the following: overall market demand, continuing impacts from
the COVID-19 pandemic including more significant supply chain
disruptions, further reductions in customer demand, sales and
profitability declines, operational disruptions, full or partial
facility closures, and other similar impacts, competition, weather,
seasonality, currency-related issues, and other risk factors listed
from time to time in the Company's SEC reports.
The Company does not undertake any obligation to update the
information contained herein, which speaks only as of this
date.
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SOURCE Alamo Group Inc.