SEGUIN,
Texas, Jan. 2, 2025 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) announced today that its Board of Directors
has declared a quarterly dividend of $0.30 per share, raising the quarterly dividend
amount by $0.04 per quarter. This
significant dividend increase of more than 15 percent underscores
Alamo Group's unwavering commitment to delivering long-term value
to its shareholders and is aligned with the Company's disciplined
capital allocation strategy. The consistency of the Company's
annual dividend increases reflects the resilience of the business
and continued confidence in the Company's future. Payment of the
January dividend will be made on January 29,
2025, to shareholders of record at the close of business on
January 16, 2025.
About Alamo Group
Alamo Group is a leader in the design, manufacture,
distribution, and service of high-quality equipment for vegetation
management, infrastructure maintenance 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 4,000 employees and operates 28 plants in
North America, Europe, Australia, and Brazil as of September
30, 2024. 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:
adverse economic conditions which could lead to a reduction in
overall market demand, supply chain disruptions, labor constraints,
unanticipated acquisition results, increasing costs due to
inflation, disease outbreaks, geopolitical risks, including effects
of the war in the Ukraine and the
Middle East, 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.